GRAY-CORTEZ
GRAY-CORTEZ is a Texas oil lease in Victoria County, Railroad Commission district 02, operated by Frostwood Energy, LLC. It has 1 wellbore on file with the Commission. Reported production runs from November 2019 to August 2026, totalling 86,708 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 $594K, with roughly $181K 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 333 barrels a month. Its strongest month on the record we hold was December 2019, at 6,643 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-CORTEZ
- Who operates GRAY-CORTEZ?
- GRAY-CORTEZ is operated by Frostwood Energy, LLC, Railroad Commission of Texas operator number 288391.
- Where is GRAY-CORTEZ?
- GRAY-CORTEZ is a Texas oil lease in Victoria County, Texas, in Railroad Commission district 02. Its Railroad Commission lease number is 12001.
- Is GRAY-CORTEZ still producing?
- GRAY-CORTEZ is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GRAY-CORTEZ is August 2026.
- How much has GRAY-CORTEZ produced?
- GRAY-CORTEZ has reported 86,708 barrels of oil (bbl) to the Railroad Commission of Texas between November 2019 and August 2026, from 1 wellbore.
- How much is GRAY-CORTEZ worth?
- The remaining production from GRAY-CORTEZ is estimated to be worth about $594K in total as of 27 August 2026, within a range of $463K to $724K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GRAY-CORTEZ is a fraction of it. The estimate fits an Arps decline curve to the production GRAY-CORTEZ has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GRAY-CORTEZ is an estimate of value, not an offer and not an appraisal.
- How much income does GRAY-CORTEZ generate in a year?
- GRAY-CORTEZ is forecast to net about $181K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GRAY-CORTEZ receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Frostwood Energy, LLC |
|---|---|
| Field | Placedo |
| County | Victoria County, Texas |
| RRC district | 02 |
| Lease number | 12001 |
| Wellbores | 1 |
| Reported production | 86,708 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $594K |
Where GRAY-CORTEZ 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.