RAY
RAY is a Texas oil lease in Throckmorton County, Railroad Commission district 7B, operated by Fog Exploration LLC. It has 1 wellbore on file with the Commission. Reported production runs from June 2000 to August 2026, totalling 1,584 barrels. The lease is intermittent. 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 $2K, with roughly $471 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 0 barrels a month. Its strongest month on the record we hold was May 2016, at 3 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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
- Who operates RAY?
- RAY is operated by Fog Exploration LLC, Railroad Commission of Texas operator number 275124.
- Where is RAY?
- RAY is a Texas oil lease in Throckmorton County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 28825.
- Is RAY still producing?
- RAY is intermittent. The most recent month of production reported to the Railroad Commission of Texas for RAY is August 2026.
- How much has RAY produced?
- RAY has reported 1,584 barrels of oil (bbl) to the Railroad Commission of Texas between June 2000 and August 2026, from 1 wellbore.
- How much is RAY worth?
- The remaining production from RAY is estimated to be worth about $2K in total as of 26 August 2026, within a range of $0 to $5K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RAY is a fraction of it. The estimate fits an Arps decline curve to the production RAY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RAY is an estimate of value, not an offer and not an appraisal.
- How much income does RAY generate in a year?
- RAY is forecast to net about $471 across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RAY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Fog Exploration LLC |
|---|---|
| Field | Throckmorton County Regular |
| County | Throckmorton County, Texas |
| RRC district | 7B |
| Lease number | 28825 |
| Wellbores | 1 |
| Reported production | 1,584 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2K |
Where RAY 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.