RAY, S. R.
RAY, S. R. is a Texas oil lease in Van Zandt County, Railroad Commission district 05, operated by Union Oil Company Of California. It has 1 wellbore on file with the Commission. Reported production runs from January 1995 to August 2026, totalling 126,950 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 $756K, with roughly $171K 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 335 barrels a month. Its strongest month on the record we hold was November 2025, at 409 barrels. 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, S. R.
- Who operates RAY, S. R.?
- RAY, S. R. is operated by Union Oil Company Of California, Railroad Commission of Texas operator number 876520.
- Where is RAY, S. R.?
- RAY, S. R. is a Texas oil lease in Van Zandt County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 03497.
- Is RAY, S. R. still producing?
- RAY, S. R. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RAY, S. R. is August 2026.
- How much has RAY, S. R. produced?
- RAY, S. R. has reported 126,950 barrels of oil (bbl) to the Railroad Commission of Texas between January 1995 and August 2026, from 1 wellbore.
- How much is RAY, S. R. worth?
- The remaining production from RAY, S. R. is estimated to be worth about $756K in total as of 27 August 2026, within a range of $590K to $923K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RAY, S. R. is a fraction of it. The estimate fits an Arps decline curve to the production RAY, S. R. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RAY, S. R. is an estimate of value, not an offer and not an appraisal.
- How much income does RAY, S. R. generate in a year?
- RAY, S. R. is forecast to net about $171K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in RAY, S. R. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Union Oil Company Of California |
|---|---|
| Field | Van, West (Travis Peak, Se) |
| County | Van Zandt County, Texas |
| RRC district | 05 |
| Lease number | 03497 |
| Wellbores | 1 |
| Reported production | 126,950 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $756K |
Where RAY, S. R. 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.