BENEDICT
BENEDICT is a Texas oil lease in Gray County, Railroad Commission district 10, operated by Denny'S Inc. It has 10 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 75,678 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 $895K, with roughly $154K 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 182 barrels a month, about 18 per wellbore. Its strongest month on the record we hold was February 2023, at 544 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 BENEDICT
- Who operates BENEDICT?
- BENEDICT is operated by Denny'S Inc., Railroad Commission of Texas operator number 215500.
- Where is BENEDICT?
- BENEDICT is a Texas oil lease in Gray County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 00574.
- Is BENEDICT still producing?
- BENEDICT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BENEDICT is August 2026.
- How much has BENEDICT produced?
- BENEDICT has reported 75,678 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 10 wellbores.
- How much is BENEDICT worth?
- The remaining production from BENEDICT is estimated to be worth about $895K in total as of 26 August 2026, within a range of $698K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BENEDICT is a fraction of it. The estimate fits an Arps decline curve to the production BENEDICT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BENEDICT is an estimate of value, not an offer and not an appraisal.
- How much income does BENEDICT generate in a year?
- BENEDICT is forecast to net about $154K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BENEDICT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Denny'S Inc. |
|---|---|
| Field | Panhandle Gray County Field |
| County | Gray County, Texas |
| RRC district | 10 |
| Lease number | 00574 |
| Wellbores | 10 |
| Reported production | 75,678 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $895K |
Where BENEDICT 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.