DICKEY OIL
DICKEY OIL is a Texas oil lease in Gray County, Railroad Commission district 10, operated by Oilwell Operators, Inc. It has 12 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 91,875 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 $283K, with roughly $48K 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 58 barrels a month, about 5 per wellbore. Its strongest month on the record we hold was May 2017, at 273 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 DICKEY OIL
- Who operates DICKEY OIL?
- DICKEY OIL is operated by Oilwell Operators, Inc., Railroad Commission of Texas operator number 621040.
- Where is DICKEY OIL?
- DICKEY OIL is a Texas oil lease in Gray County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 04014.
- Is DICKEY OIL still producing?
- DICKEY OIL is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DICKEY OIL is August 2026.
- How much has DICKEY OIL produced?
- DICKEY OIL has reported 91,875 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 12 wellbores.
- How much is DICKEY OIL worth?
- The remaining production from DICKEY OIL is estimated to be worth about $283K in total as of 26 August 2026, within a range of $155K to $410K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DICKEY OIL is a fraction of it. The estimate fits an Arps decline curve to the production DICKEY OIL has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DICKEY OIL is an estimate of value, not an offer and not an appraisal.
- How much income does DICKEY OIL generate in a year?
- DICKEY OIL is forecast to net about $48K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in DICKEY OIL receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Oilwell Operators, Inc. |
|---|---|
| Field | Panhandle Gray County Field |
| County | Gray County, Texas |
| RRC district | 10 |
| Lease number | 04014 |
| Wellbores | 12 |
| Reported production | 91,875 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $283K |
Where DICKEY OIL 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.