GRAY GAS UNIT
GRAY GAS UNIT is a Texas gas lease in Rusk County, Railroad Commission district 06, operated by Nuevo Energy Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 2,315,605 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 $50K, with roughly $8K 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 394 thousand cubic feet a month. Its strongest month on the record we hold was October 2017, at 3,906 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 GAS UNIT
- Who operates GRAY GAS UNIT?
- GRAY GAS UNIT is operated by Nuevo Energy Company, Railroad Commission of Texas operator number 616202.
- Where is GRAY GAS UNIT?
- GRAY GAS UNIT is a Texas gas lease in Rusk County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 088937.
- Is GRAY GAS UNIT still producing?
- GRAY GAS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GRAY GAS UNIT is August 2026.
- How much has GRAY GAS UNIT produced?
- GRAY GAS UNIT has reported 2,315,605 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is GRAY GAS UNIT worth?
- The remaining production from GRAY GAS UNIT is estimated to be worth about $50K in total as of 27 August 2026, within a range of $39K to $61K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GRAY GAS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production GRAY GAS 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 GAS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does GRAY GAS UNIT generate in a year?
- GRAY GAS UNIT is forecast to net about $8K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GRAY GAS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Nuevo Energy Company |
|---|---|
| Field | Oak Hill (Cotton Valley) |
| County | Rusk County, Texas |
| RRC district | 06 |
| Lease number | 088937 |
| Wellbores | 1 |
| Reported production | 2,315,605 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $50K |
Where GRAY GAS 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.