ELLIS-GRAY UNIT
ELLIS-GRAY UNIT is a Texas oil lease in Scurry County, Railroad Commission district 8A, operated by Lem Operating Co., Inc. It has 194 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 1,811,574 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 $11.0M, with roughly $2.5M 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 3,623 barrels a month, about 19 per wellbore. Its strongest month on the record we hold was May 2016, at 5,515 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 ELLIS-GRAY UNIT
- Who operates ELLIS-GRAY UNIT?
- ELLIS-GRAY UNIT is operated by Lem Operating Co., Inc., Railroad Commission of Texas operator number 496350.
- Where is ELLIS-GRAY UNIT?
- ELLIS-GRAY UNIT is a Texas oil lease in Scurry County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 61958.
- Is ELLIS-GRAY UNIT still producing?
- ELLIS-GRAY UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ELLIS-GRAY UNIT is August 2026.
- How much has ELLIS-GRAY UNIT produced?
- ELLIS-GRAY UNIT has reported 1,811,574 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 194 wellbores.
- How much is ELLIS-GRAY UNIT worth?
- The remaining production from ELLIS-GRAY UNIT is estimated to be worth about $11.0M in total as of 27 August 2026, within a range of $9.1M to $12.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ELLIS-GRAY UNIT is a fraction of it. The estimate fits an Arps decline curve to the production ELLIS-GRAY UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ELLIS-GRAY UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does ELLIS-GRAY UNIT generate in a year?
- ELLIS-GRAY UNIT is forecast to net about $2.5M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in ELLIS-GRAY UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Lem Operating Co., Inc. |
|---|---|
| Field | Sharon Ridge (1700) |
| County | Scurry County, Texas |
| RRC district | 8A |
| Lease number | 61958 |
| Wellbores | 194 |
| Reported production | 1,811,574 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $11.0M |
Where ELLIS-GRAY 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.