GRAY, FLOY -A-
GRAY, FLOY -A- is a Texas oil lease in Caldwell County, Railroad Commission district 01, operated by Spencer, B.T. It has 22 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 211,072 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $1.4M, with roughly $370K expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 538 barrels a month, about 24 per wellbore. Its strongest month on the record we hold was March 2017, at 1,198 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about GRAY, FLOY -A-
- Who operates GRAY, FLOY -A-?
- GRAY, FLOY -A- is operated by Spencer, B.T., Railroad Commission of Texas operator number 809348.
- Where is GRAY, FLOY -A-?
- GRAY, FLOY -A- is a Texas oil lease in Caldwell County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 01496.
- Is GRAY, FLOY -A- still producing?
- GRAY, FLOY -A- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GRAY, FLOY -A- is August 2026.
- How much has GRAY, FLOY -A- produced?
- GRAY, FLOY -A- has reported 211,072 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 22 wellbores.
- How much is GRAY, FLOY -A- worth?
- The remaining production from GRAY, FLOY -A- is estimated to be worth about $1.4M in total as of 26 August 2026, within a range of $1.1M to $1.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GRAY, FLOY -A- is a fraction of it. The estimate fits an Arps decline curve to the production GRAY, FLOY -A- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GRAY, FLOY -A- is an estimate of value, not an offer and not an appraisal.
- How much income does GRAY, FLOY -A- generate in a year?
- GRAY, FLOY -A- is forecast to net about $370K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GRAY, FLOY -A- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Spencer, B.T. |
|---|---|
| Field | Salt Flat |
| County | Caldwell County, Texas |
| RRC district | 01 |
| Lease number | 01496 |
| Wellbores | 22 |
| Reported production | 211,072 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.4M |
Where GRAY, FLOY -A- sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.