GRAY /TOKIO SAND UNIT/
GRAY /TOKIO SAND UNIT/ is a Texas oil lease in Marion County, Railroad Commission district 06, operated by Kayuga Co. It has 9 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 65,440 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 $299K, with roughly $58K 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 75 barrels a month, about 8 per wellbore. Its strongest month on the record we hold was December 2016, at 195 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 GRAY /TOKIO SAND UNIT/
- Who operates GRAY /TOKIO SAND UNIT/?
- GRAY /TOKIO SAND UNIT/ is operated by Kayuga Co., Railroad Commission of Texas operator number 452671.
- Where is GRAY /TOKIO SAND UNIT/?
- GRAY /TOKIO SAND UNIT/ is a Texas oil lease in Marion County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 04956.
- Is GRAY /TOKIO SAND UNIT/ still producing?
- GRAY /TOKIO SAND UNIT/ is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GRAY /TOKIO SAND UNIT/ is August 2026.
- How much has GRAY /TOKIO SAND UNIT/ produced?
- GRAY /TOKIO SAND UNIT/ has reported 65,440 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 9 wellbores.
- How much is GRAY /TOKIO SAND UNIT/ worth?
- The remaining production from GRAY /TOKIO SAND UNIT/ is estimated to be worth about $299K in total as of 26 August 2026, within a range of $165K to $434K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GRAY /TOKIO SAND UNIT/ is a fraction of it. The estimate fits an Arps decline curve to the production GRAY /TOKIO SAND UNIT/ has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GRAY /TOKIO SAND UNIT/ is an estimate of value, not an offer and not an appraisal.
- How much income does GRAY /TOKIO SAND UNIT/ generate in a year?
- GRAY /TOKIO SAND UNIT/ is forecast to net about $58K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GRAY /TOKIO SAND UNIT/ receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Kayuga Co. |
|---|---|
| Field | Marion County (Shallow) |
| County | Marion County, Texas |
| RRC district | 06 |
| Lease number | 04956 |
| Wellbores | 9 |
| Reported production | 65,440 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $299K |
Where GRAY /TOKIO SAND UNIT/ 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.