PIKE-DAVIS #1
PIKE-DAVIS #1 is a Texas oil lease in Grayson County, Railroad Commission district 09, operated by Grayson Petroleum Company. It has 1 wellbore on file with the Commission. Reported production runs from June 1994 to August 2026, totalling 87,929 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 $460K, with roughly $89K 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 101 barrels a month. Its strongest month on the record we hold was May 2019, at 180 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 PIKE-DAVIS #1
- Who operates PIKE-DAVIS #1?
- PIKE-DAVIS #1 is operated by Grayson Petroleum Company, Railroad Commission of Texas operator number 328325.
- Where is PIKE-DAVIS #1?
- PIKE-DAVIS #1 is a Texas oil lease in Grayson County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 28803.
- Is PIKE-DAVIS #1 still producing?
- PIKE-DAVIS #1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PIKE-DAVIS #1 is August 2026.
- How much has PIKE-DAVIS #1 produced?
- PIKE-DAVIS #1 has reported 87,929 barrels of oil (bbl) to the Railroad Commission of Texas between June 1994 and August 2026, from 1 wellbore.
- How much is PIKE-DAVIS #1 worth?
- The remaining production from PIKE-DAVIS #1 is estimated to be worth about $460K in total as of 26 August 2026, within a range of $359K to $562K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PIKE-DAVIS #1 is a fraction of it. The estimate fits an Arps decline curve to the production PIKE-DAVIS #1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PIKE-DAVIS #1 is an estimate of value, not an offer and not an appraisal.
- How much income does PIKE-DAVIS #1 generate in a year?
- PIKE-DAVIS #1 is forecast to net about $89K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PIKE-DAVIS #1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Grayson Petroleum Company |
|---|---|
| Field | Sandusky, West (Strawn North) |
| County | Grayson County, Texas |
| RRC district | 09 |
| Lease number | 28803 |
| Wellbores | 1 |
| Reported production | 87,929 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $460K |
Where PIKE-DAVIS #1 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.