GRAGG, BILLY H.
GRAGG, BILLY H. is a Texas oil lease in Leon County, Railroad Commission district 06, operated by Brooks Petroleum Company. It has 2 wellbores on file with the Commission. Reported production runs from November 2010 to August 2026, totalling 156,180 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 $1.7M, with roughly $395K 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 674 barrels a month, about 337 per wellbore. Its strongest month on the record we hold was December 2016, at 1,394 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 GRAGG, BILLY H.
- Who operates GRAGG, BILLY H.?
- GRAGG, BILLY H. is operated by Brooks Petroleum Company, Railroad Commission of Texas operator number 097323.
- Where is GRAGG, BILLY H.?
- GRAGG, BILLY H. is a Texas oil lease in Leon County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 15044.
- Is GRAGG, BILLY H. still producing?
- GRAGG, BILLY H. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GRAGG, BILLY H. is August 2026.
- How much has GRAGG, BILLY H. produced?
- GRAGG, BILLY H. has reported 156,180 barrels of oil (bbl) to the Railroad Commission of Texas between November 2010 and August 2026, from 2 wellbores.
- How much is GRAGG, BILLY H. worth?
- The remaining production from GRAGG, BILLY H. is estimated to be worth about $1.7M in total as of 26 August 2026, within a range of $1.4M to $2.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GRAGG, BILLY H. is a fraction of it. The estimate fits an Arps decline curve to the production GRAGG, BILLY H. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GRAGG, BILLY H. is an estimate of value, not an offer and not an appraisal.
- How much income does GRAGG, BILLY H. generate in a year?
- GRAGG, BILLY H. is forecast to net about $395K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GRAGG, BILLY H. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Brooks Petroleum Company |
|---|---|
| Field | Navarro Crossing (Woodbine) |
| County | Leon County, Texas |
| RRC district | 06 |
| Lease number | 15044 |
| Wellbores | 2 |
| Reported production | 156,180 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.7M |
Where GRAGG, BILLY H. 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.