BANNER-GREGG
BANNER-GREGG is a Texas oil lease in Ochiltree County, Railroad Commission district 10, operated by R.E.D. Resources, Inc. It has 1 wellbore on file with the Commission. Reported production runs from December 1999 to August 2026, totalling 23,360 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 $5K, with roughly $879 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 1 barrels a month. Its strongest month on the record we hold was May 2017, at 77 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 BANNER-GREGG
- Who operates BANNER-GREGG?
- BANNER-GREGG is operated by R.E.D. Resources, Inc., Railroad Commission of Texas operator number 687146.
- Where is BANNER-GREGG?
- BANNER-GREGG is a Texas oil lease in Ochiltree County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 07332.
- Is BANNER-GREGG still producing?
- BANNER-GREGG is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BANNER-GREGG is August 2026.
- How much has BANNER-GREGG produced?
- BANNER-GREGG has reported 23,360 barrels of oil (bbl) to the Railroad Commission of Texas between December 1999 and August 2026, from 1 wellbore.
- How much is BANNER-GREGG worth?
- The remaining production from BANNER-GREGG is estimated to be worth about $5K in total as of 27 August 2026, within a range of $0 to $9K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BANNER-GREGG is a fraction of it. The estimate fits an Arps decline curve to the production BANNER-GREGG has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BANNER-GREGG is an estimate of value, not an offer and not an appraisal.
- How much income does BANNER-GREGG generate in a year?
- BANNER-GREGG is forecast to net about $879 across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in BANNER-GREGG receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | R.E.D. Resources, Inc. |
|---|---|
| Field | Farnsworth-Conner (Kansas City) |
| County | Ochiltree County, Texas |
| RRC district | 10 |
| Lease number | 07332 |
| Wellbores | 1 |
| Reported production | 23,360 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $5K |
Where BANNER-GREGG 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.