GRAY 352
GRAY 352 is a Texas gas lease in Lipscomb County, Railroad Commission district 10, operated by Mewbourne Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from August 2014 to August 2026, totalling 322,439 thousand cubic feet. 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 $504K, with roughly $113K 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 976 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 3,568 thousand cubic feet. 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 GRAY 352
- Who operates GRAY 352?
- GRAY 352 is operated by Mewbourne Oil Company, Railroad Commission of Texas operator number 562560.
- Where is GRAY 352?
- GRAY 352 is a Texas gas lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 282696.
- Is GRAY 352 still producing?
- GRAY 352 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GRAY 352 is August 2026.
- How much has GRAY 352 produced?
- GRAY 352 has reported 322,439 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 2014 and August 2026, from 1 wellbore.
- How much is GRAY 352 worth?
- The remaining production from GRAY 352 is estimated to be worth about $504K in total as of 26 August 2026, within a range of $393K to $614K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GRAY 352 is a fraction of it. The estimate fits an Arps decline curve to the production GRAY 352 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GRAY 352 is an estimate of value, not an offer and not an appraisal.
- How much income does GRAY 352 generate in a year?
- GRAY 352 is forecast to net about $113K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GRAY 352 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mewbourne Oil Company |
|---|---|
| Field | Lipscomb, S.E. (Cleveland) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 282696 |
| Wellbores | 1 |
| Reported production | 322,439 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $504K |
Where GRAY 352 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.