RAY "B"
RAY "B" is a Texas gas lease in Sterling County, Railroad Commission district 08, operated by Eqt Production Texas, LLC. It has 1 wellbore on file with the Commission. Reported production runs from January 2017 to August 2026, totalling 36,210 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 $17K, with roughly $5K 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 273 thousand cubic feet a month. Its strongest month on the record we hold was March 2025, at 669 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 RAY "B"
- Who operates RAY "B"?
- RAY "B" is operated by Eqt Production Texas, LLC, Railroad Commission of Texas operator number 253406.
- Where is RAY "B"?
- RAY "B" is a Texas gas lease in Sterling County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 281796.
- Is RAY "B" still producing?
- RAY "B" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RAY "B" is August 2026.
- How much has RAY "B" produced?
- RAY "B" has reported 36,210 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 2017 and August 2026, from 1 wellbore.
- How much is RAY "B" worth?
- The remaining production from RAY "B" is estimated to be worth about $17K in total as of 26 August 2026, within a range of $13K to $20K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RAY "B" is a fraction of it. The estimate fits an Arps decline curve to the production RAY "B" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RAY "B" is an estimate of value, not an offer and not an appraisal.
- How much income does RAY "B" generate in a year?
- RAY "B" is forecast to net about $5K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RAY "B" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Eqt Production Texas, LLC |
|---|---|
| Field | Conger (Penn) |
| County | Sterling County, Texas |
| RRC district | 08 |
| Lease number | 281796 |
| Wellbores | 1 |
| Reported production | 36,210 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $17K |
Where RAY "B" 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.