TURNER-GREGORY
TURNER-GREGORY is a Texas oil lease in Mitchell County, Railroad Commission district 08, operated by Duncan Drilling Co. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 104,909 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 $879K, with roughly $169K 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 244 barrels a month. Its strongest month on the record we hold was April 2019, at 554 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 TURNER-GREGORY
- Who operates TURNER-GREGORY?
- TURNER-GREGORY is operated by Duncan Drilling Co., Railroad Commission of Texas operator number 232050.
- Where is TURNER-GREGORY?
- TURNER-GREGORY is a Texas oil lease in Mitchell County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 08979.
- Is TURNER-GREGORY still producing?
- TURNER-GREGORY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for TURNER-GREGORY is August 2026.
- How much has TURNER-GREGORY produced?
- TURNER-GREGORY has reported 104,909 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is TURNER-GREGORY worth?
- The remaining production from TURNER-GREGORY is estimated to be worth about $879K in total as of 27 August 2026, within a range of $686K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TURNER-GREGORY is a fraction of it. The estimate fits an Arps decline curve to the production TURNER-GREGORY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TURNER-GREGORY is an estimate of value, not an offer and not an appraisal.
- How much income does TURNER-GREGORY generate in a year?
- TURNER-GREGORY is forecast to net about $169K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in TURNER-GREGORY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Duncan Drilling Co. |
|---|---|
| Field | Turner-Gregory (Clear Fork) |
| County | Mitchell County, Texas |
| RRC district | 08 |
| Lease number | 08979 |
| Wellbores | 1 |
| Reported production | 104,909 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $879K |
Where TURNER-GREGORY 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.