BIG GRAY-SAUNDERS
BIG GRAY-SAUNDERS is a Texas oil lease in Gray County, Railroad Commission district 10, operated by Miracle Oil & Gas Company. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 21,071 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 $4K, with roughly $754 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 1 barrels a month. Its strongest month on the record we hold was May 2016, at 59 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 BIG GRAY-SAUNDERS
- Who operates BIG GRAY-SAUNDERS?
- BIG GRAY-SAUNDERS is operated by Miracle Oil & Gas Company, Railroad Commission of Texas operator number 570362.
- Where is BIG GRAY-SAUNDERS?
- BIG GRAY-SAUNDERS is a Texas oil lease in Gray County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 00519.
- Is BIG GRAY-SAUNDERS still producing?
- BIG GRAY-SAUNDERS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BIG GRAY-SAUNDERS is August 2026.
- How much has BIG GRAY-SAUNDERS produced?
- BIG GRAY-SAUNDERS has reported 21,071 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is BIG GRAY-SAUNDERS worth?
- The remaining production from BIG GRAY-SAUNDERS is estimated to be worth about $4K in total as of 26 August 2026, within a range of $0 to $8K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BIG GRAY-SAUNDERS is a fraction of it. The estimate fits an Arps decline curve to the production BIG GRAY-SAUNDERS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BIG GRAY-SAUNDERS is an estimate of value, not an offer and not an appraisal.
- How much income does BIG GRAY-SAUNDERS generate in a year?
- BIG GRAY-SAUNDERS is forecast to net about $754 across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BIG GRAY-SAUNDERS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Miracle Oil & Gas Company |
|---|---|
| Field | Panhandle Gray County Field |
| County | Gray County, Texas |
| RRC district | 10 |
| Lease number | 00519 |
| Wellbores | 3 |
| Reported production | 21,071 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4K |
Where BIG GRAY-SAUNDERS 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.