GRAY GU 1
GRAY GU 1 is a Texas oil lease in Rusk County, Railroad Commission district 06, operated by NFR Energy, LLC. It has 2 wellbores on file with the Commission. Reported production runs from September 2010 to August 2026, totalling 50,548 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 $1.7M, with roughly $275K 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 222 barrels a month, about 111 per wellbore. Its strongest month on the record we hold was July 2019, at 492 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 GRAY GU 1
- Who operates GRAY GU 1?
- GRAY GU 1 is operated by NFR Energy, LLC, Railroad Commission of Texas operator number 609261.
- Where is GRAY GU 1?
- GRAY GU 1 is a Texas oil lease in Rusk County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 14990.
- Is GRAY GU 1 still producing?
- GRAY GU 1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GRAY GU 1 is August 2026.
- How much has GRAY GU 1 produced?
- GRAY GU 1 has reported 50,548 barrels of oil (bbl) to the Railroad Commission of Texas between September 2010 and August 2026, from 2 wellbores.
- How much is GRAY GU 1 worth?
- The remaining production from GRAY GU 1 is estimated to be worth about $1.7M in total as of 26 August 2026, within a range of $1.4M to $2.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GRAY GU 1 is a fraction of it. The estimate fits an Arps decline curve to the production GRAY GU 1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GRAY GU 1 is an estimate of value, not an offer and not an appraisal.
- How much income does GRAY GU 1 generate in a year?
- GRAY GU 1 is forecast to net about $275K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GRAY GU 1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | NFR Energy, LLC |
|---|---|
| Field | Oak Hill (Cotton Valley) |
| County | Rusk County, Texas |
| RRC district | 06 |
| Lease number | 14990 |
| Wellbores | 2 |
| Reported production | 50,548 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.7M |
Where GRAY GU 1 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.