RAY
RAY is a Texas oil lease in Zavala County, Railroad Commission district 01, operated by Sanchez Oil & Gas Corporation. It has 1 wellbore on file with the Commission. Reported production runs from April 2012 to August 2026, totalling 78,538 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 $535K, with roughly $103K 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 158 barrels a month. Its strongest month on the record we hold was July 2016, at 607 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
- Who operates RAY?
- RAY is operated by Sanchez Oil & Gas Corporation, Railroad Commission of Texas operator number 747012.
- Where is RAY?
- RAY is a Texas oil lease in Zavala County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 16055.
- Is RAY still producing?
- RAY is currently producing. 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 78,538 barrels of oil (bbl) to the Railroad Commission of Texas between April 2012 and August 2026, from 1 wellbore.
- How much is RAY worth?
- The remaining production from RAY is estimated to be worth about $535K in total as of 26 August 2026, within a range of $417K to $653K. 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 $103K 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 | Sanchez Oil & Gas Corporation |
|---|---|
| Field | Briscoe Ranch (Eagleford) |
| County | Zavala County, Texas |
| RRC district | 01 |
| Lease number | 16055 |
| Wellbores | 1 |
| Reported production | 78,538 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $535K |
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.