GRAY, JULIUS
GRAY, JULIUS 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 123,894 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 $48K, with roughly $6K 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 215 thousand cubic feet a month. Its strongest month on the record we hold was March 2026, at 355 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, JULIUS
- Who operates GRAY, JULIUS?
- GRAY, JULIUS is operated by Delta Oil & Gas Company, Railroad Commission of Texas operator number 213700.
- Where is GRAY, JULIUS?
- GRAY, JULIUS is a Texas gas lease in Stephens County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 085805.
- Is GRAY, JULIUS still producing?
- GRAY, JULIUS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GRAY, JULIUS is August 2026.
- How much has GRAY, JULIUS produced?
- GRAY, JULIUS has reported 123,894 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, JULIUS worth?
- The remaining production from GRAY, JULIUS is estimated to be worth about $48K in total as of 26 August 2026, within a range of $38K to $59K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GRAY, JULIUS is a fraction of it. The estimate fits an Arps decline curve to the production GRAY, JULIUS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GRAY, JULIUS is an estimate of value, not an offer and not an appraisal.
- How much income does GRAY, JULIUS generate in a year?
- GRAY, JULIUS is forecast to net about $6K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GRAY, JULIUS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Delta Oil & Gas Company |
|---|---|
| Field | Tullos (Caddo) |
| County | Stephens County, Texas |
| RRC district | 7B |
| Lease number | 085805 |
| Wellbores | 1 |
| Reported production | 123,894 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $48K |
Where GRAY, JULIUS 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.