GREGORY, THEODORE
GREGORY, THEODORE is a Texas oil lease in Lee County, Railroad Commission district 03, operated by Browning Oil Company, Inc. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 114,430 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 $275K, with roughly $51K 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 62 barrels a month, about 21 per wellbore. Its strongest month on the record we hold was July 2020, at 263 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 GREGORY, THEODORE
- Who operates GREGORY, THEODORE?
- GREGORY, THEODORE is operated by Browning Oil Company, Inc., Railroad Commission of Texas operator number 103088.
- Where is GREGORY, THEODORE?
- GREGORY, THEODORE is a Texas oil lease in Lee County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 14028.
- Is GREGORY, THEODORE still producing?
- GREGORY, THEODORE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GREGORY, THEODORE is August 2026.
- How much has GREGORY, THEODORE produced?
- GREGORY, THEODORE has reported 114,430 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is GREGORY, THEODORE worth?
- The remaining production from GREGORY, THEODORE is estimated to be worth about $275K in total as of 26 August 2026, within a range of $151K to $399K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GREGORY, THEODORE is a fraction of it. The estimate fits an Arps decline curve to the production GREGORY, THEODORE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GREGORY, THEODORE is an estimate of value, not an offer and not an appraisal.
- How much income does GREGORY, THEODORE generate in a year?
- GREGORY, THEODORE is forecast to net about $51K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GREGORY, THEODORE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Browning Oil Company, Inc. |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Lee County, Texas |
| RRC district | 03 |
| Lease number | 14028 |
| Wellbores | 3 |
| Reported production | 114,430 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $275K |
Where GREGORY, THEODORE 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.