GRAY, JOHN ESTATE
GRAY, JOHN ESTATE is a Texas gas lease in Stephens County, Railroad Commission district 7B, operated by Delta Oil & Gas Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 203,604 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 $61K, with roughly $9K 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 433 thousand cubic feet a month. Its strongest month on the record we hold was August 2016, at 701 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, JOHN ESTATE
- Who operates GRAY, JOHN ESTATE?
- GRAY, JOHN ESTATE is operated by Delta Oil & Gas Company, Railroad Commission of Texas operator number 213700.
- Where is GRAY, JOHN ESTATE?
- GRAY, JOHN ESTATE is a Texas gas lease in Stephens County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 102852.
- Is GRAY, JOHN ESTATE still producing?
- GRAY, JOHN ESTATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GRAY, JOHN ESTATE is August 2026.
- How much has GRAY, JOHN ESTATE produced?
- GRAY, JOHN ESTATE has reported 203,604 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, JOHN ESTATE worth?
- The remaining production from GRAY, JOHN ESTATE is estimated to be worth about $61K in total as of 27 August 2026, within a range of $48K to $75K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GRAY, JOHN ESTATE is a fraction of it. The estimate fits an Arps decline curve to the production GRAY, JOHN ESTATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GRAY, JOHN ESTATE is an estimate of value, not an offer and not an appraisal.
- How much income does GRAY, JOHN ESTATE generate in a year?
- GRAY, JOHN ESTATE is forecast to net about $9K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GRAY, JOHN ESTATE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Delta Oil & Gas Company |
|---|---|
| Field | Caddo (Duffer) |
| County | Stephens County, Texas |
| RRC district | 7B |
| Lease number | 102852 |
| Wellbores | 1 |
| Reported production | 203,604 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $61K |
Where GRAY, JOHN ESTATE 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.