GRAY B
GRAY B is a Texas oil lease in Victoria County, Railroad Commission district 02, operated by Allegiant Resources, LLC. It has 1 wellbore on file with the Commission. Reported production runs from May 2022 to August 2026, totalling 17,769 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 $568K, with roughly $108K 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 173 barrels a month. Its strongest month on the record we hold was May 2022, at 2,632 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 GRAY B
- Who operates GRAY B?
- GRAY B is operated by Allegiant Resources, LLC, Railroad Commission of Texas operator number 013365.
- Where is GRAY B?
- GRAY B is a Texas oil lease in Victoria County, Texas, in Railroad Commission district 02. Its Railroad Commission lease number is 12354.
- Is GRAY B still producing?
- GRAY B is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GRAY B is August 2026.
- How much has GRAY B produced?
- GRAY B has reported 17,769 barrels of oil (bbl) to the Railroad Commission of Texas between May 2022 and August 2026, from 1 wellbore.
- How much is GRAY B worth?
- The remaining production from GRAY B is estimated to be worth about $568K in total as of 26 August 2026, within a range of $443K to $693K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GRAY B is a fraction of it. The estimate fits an Arps decline curve to the production GRAY B has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GRAY B is an estimate of value, not an offer and not an appraisal.
- How much income does GRAY B generate in a year?
- GRAY B is forecast to net about $108K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GRAY B receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Allegiant Resources, LLC |
|---|---|
| Field | Placedo |
| County | Victoria County, Texas |
| RRC district | 02 |
| Lease number | 12354 |
| Wellbores | 1 |
| Reported production | 17,769 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $568K |
Where GRAY 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.