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Texas oil lease

Producing

GRAY

Gray is an oil lease in Borden County, Texas, operated by Apache Corporation in the Spraberry (Trend Area) field.

1 well

2,321bbl oil, last 12 months−47% vs prior year
Operator
Apache Corporation
County
Borden County
Field
Spraberry (Trend Area)
RRC lease
08-42896

106 royalty accounts on the county rolls

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Gas, last 12 months
1,372 mcf
Oil in Aug 2026
0 bbl
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Checks stopped on this lease?

  • Buyer

    Buyer changed: ET GATHERING & PROCESSING LLC replaced ETC GAS PROCESSING, LLC as the buyer of this lease's gas from oil wells on Mar 1, 2026.

  • Sales

    No sales reported for the last 3 months of state data (through Aug 2026).

SourceRailroad Commission production, P-5 and P-4 records, data through Aug 2026.

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Wells on this lease and around it

Where the state's map puts this lease's well, and what has been drilled or permitted within about 2 miles of it.
Map of the Gray lease in Borden County, Texas: its well ringed, among 168 wells and 39 recent drilling locations in a picture about 6 miles across.
  • This lease1Its well, ringed on the map: producing
  • Drilling locations39Permits issued in the last two years
  • Producing wells123On a lease reporting production now
  • Not producing29Shut in, inactive or no lease on record
  • Plugged16The state's wellbore record says plugged

The ringed dot is this lease's well, where the Railroad Commission's map puts it. The other dots are wells and drilling permits of the last 24 months on the land around it; the counts are for everything in the picture, which is about 6 miles across. The thin brown lines are the original land surveys; where there is room, a survey carries its abstract number, the number deeds and division orders cite. Sources: Railroad Commission of Texas well layers, drilling permit files and survey lines, US Census Bureau county outlines, base map from USGS The National Map.

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A one-page map of this lease to print, for a lawyer, a buyer or a probate file.

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You may show this map on any site, unchanged. Keep the credit line and its link to Royalty Clerk under the map. The picture updates by itself as the state records new wells and permits.

Download the picture (WebP)
<a href="https://royaltyclerk.com/texas/leases/gray-08-42896"><img src="https://royaltyclerk.com/maps/lease-wells/gray-08-42896.svg" alt="Map of the Gray lease in Borden County, Texas: its well ringed, among 168 wells and 39 recent drilling locations in a picture about 6 miles across." width="1000" height="951" loading="lazy" style="max-width:100%;height:auto;border:0"></a>
<p style="margin:4px 0 0;font-size:14px">Map: <a href="https://royaltyclerk.com/texas/leases/gray-08-42896">Wells on the Gray lease, Borden County, Texas</a> by Royalty Clerk, from Railroad Commission of Texas records</p>

Production by month

Oil output fell 47% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 47% over the last 12 monthsMonthly oil production and gas for GRAY, Sep 2023 to Aug 2026. Oil output fell 47% over the last 12 months. 2,321 bbl in the 12 months through Aug 2026, against 4,348 bbl in the 12 months before.Last 12 months: 2,321 bblbbl per monthmcf per month002501005002007503001,0004001,250500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 47% over the last 12 monthsMonthly oil production and gas for GRAY, Sep 2023 to Aug 2026. Oil output fell 47% over the last 12 months. 2,321 bbl in the 12 months through Aug 2026, against 4,348 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002501005002007503001,0004001,250500Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Aug 2026.

From the state record

What owners ask about Gray

When is the check for June 2026 due?
June 2026 is the newest month the state has posted for this lease. Texas law gives the payor until 60 days after the end of the sale month for oil and 90 for gas: the gas by Sep 28, 2026, unless the lease sets another time.
Source: Railroad Commission production reports; Texas Natural Resources Code §91.402.
See your next three checks
Which Texas production tax rate applies?
The Texas Comptroller lists no approved exemption or reduced rate for this lease for June 2026, so the full 7.5% on gas applies.
Source: Texas Comptroller, approved severance tax exemptions.
Check the tax on your stub
Who buys the oil and gas?
Oil: Energy Trans Crude Marketing LLC gathers it. Gas from oil wells: Et Gathering & Processing LLC buys it; Energy Transfer Company gathers it. The buyer's price is what a royalty check is figured on.
Source: Railroad Commission Form P-4, gatherers and purchasers.
See every buyer and past buyers
How many 1099s should an owner expect for 2025?
One company, Apache Corporation, filed this lease's reports behind every 2025 check, so most owners get one form. The operator is not always the company that pays, so go by the name on the stubs.
Source: Railroad Commission production reports, operator of record by month.
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Free tools, already on this lease

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33 years of state records, 1993–2026

GRAY since 2012

We read every monthly report the Railroad Commission holds, back to January 1993. This lease first reported in March 2012. It filed 174 monthly reports through August 2026.

Sold since 2012

$4.4 million

What the whole lease’s oil and gas sold for at each month’s public prices, before tax and the operator’s deductions. A royalty owner’s share is their decimal of it.

A relative owned a share? See what it earned after they died
Oil sold
57,303 bbl
Gas sold
56,106 mcf
Best year
2012$1.1 million sold
Last report
Aug 2026First: Mar 2012

Its best year was 2012: $1.1 million of oil and gas sold

Each bar is what the lease’s oil and gas sold for that year, at that month’s prices. 2026 is only part of a year in the records, drawn lighter.

  • Oil
  • Gas
Its best year was 2012: $1.1 million of oil and gas soldGray: oil and gas sold each year from 2012 to 2026, at each month's prices. Its best year was 2012: $1.1 million of oil and gas sold.Sold each year, at each month’s prices$0$250k$500k$750k$1M$1.3MPeak 2012: $1.2M201220132014201520162017201820192020202120222023202420252026
Its best year was 2012: $1.1 million of oil and gas soldGray: oil and gas sold each year from 2012 to 2026, at each month's prices. Its best year was 2012: $1.1 million of oil and gas sold.Sold each year, at each month’s prices$0$250k$500k$750k$1M$1.3MPeak 2012: $1.2M'12'15'20'26

SourceTexas Railroad Commission Production Data Query, every monthly report since January 1993; EIA monthly WTI and Henry Hub prices (before 1997, EIA's yearly Texas natural gas wellhead price), through August 2026.

Every year as a table
Gray: oil and gas sold each year
YearMonthsOil sold, bblGas sold, mcfSold for
2026 *81,08913$87,399
2025122,952607$192,061
2024124,713512$349,449
2023124,4851,743$352,381
2022121800$19,530
2021123450$22,422
2020122,475327$95,799
2019122,9543,388$176,401
2018123,1232,473$211,521
2017123,4925,065$193,043
2016123,4216,351$160,007
2015124,1864,829$217,821
2014125,1777,066$514,205
2013126,5048,476$665,953
20121012,20715,256$1,197,529

* Part of the year: the records run through August 2026.

Where the gas went

Since Jun 2026 the lease's gas goes to a transmission line instead of lease fuel

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
Since Jun 2026 the lease's gas goes to a transmission line instead of lease fuelShare of GRAY gas by disposition code each month, Sep 2023 to Aug 2026. Since Jun 2026 the lease's gas goes to a transmission line instead of lease fuel.Share of the lease’s gas by disposition code, per month0%50%100%Jun 2026: fuel to lineOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jun 2026 the lease's gas goes to a transmission line instead of lease fuelShare of GRAY gas by disposition code each month, Sep 2023 to Aug 2026. Since Jun 2026 the lease's gas goes to a transmission line instead of lease fuel.Share of gas by disposition code0%50%100%Jun 26: fuel to lineJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Aug 2026.

  • Lease fuel (1)

    72% · 1,611 mcf

  • Transmission line (2)

    28% · 620 mcf

Who has run this lease

The operator changed once, most recently in Aug 2024

Operators of this lease over timeCallon Petroleum Operating Co, Jan 2020 to Jul 2024; Apache Corporation, Aug 2024 to Aug 20262020202120222023202420252026Changed Aug 2024Callon Petroleum Operating CoJan 2020 to Jul 2024Apache CorporationAug 2024 to now
Operators of this lease over timeCallon Petroleum Operating Co, Jan 2020 to Jul 2024; Apache Corporation, Aug 2024 to Aug 20262020202120222023202420252026Changed Aug 2024Callon Petroleum Operating CoJan 2020 to Jul 2024Apache CorporationAug 2024 to now

SourceTexas Railroad Commission Production Data Query, through Aug 2026.

1 well on this lease

Wells on GRAY
API numberWellStatusCompleted
42-033-32169Gray 1ActiveFeb 24, 2012

SourceTexas Railroad Commission production records and full wellbore file.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers100Mar 1, 2026–
Et Gathering & Processing LLCCasinghead gasBuys100Mar 1, 2026–
Energy Transfer CompanyCasinghead gasGathers100Aug 1, 2024–
Etc Gas Processing, LLCCasinghead gasBuys100Aug 1, 2024Mar 1, 2026
Bml, Inc. BOilGathers50Feb 1, 2025Mar 1, 2026
Energy Trans Crude Marketing LLCOilGathers50Feb 1, 2025Mar 1, 2026
Energy Trans Crude Marketing LLCOilGathers100Aug 2, 2024Feb 1, 2025
Bml, Inc. BOilGathers50Aug 1, 2024Aug 2, 2024
Dorado Oil CompanyOilGathers50Aug 1, 2024Aug 2, 2024

SourceRailroad Commission Form P-4 file, Oct 24, 2026 (source).

Who buys my oilOil price check

160 acres on the newest permit

Check your decimal on this lease
Permits for Gray
API numberWell no.Acreson the permit
42-033-321691160

SourceRailroad Commission drilling permits, Oct 31, 2026 (source 1, source 2).

Unit decimal checker

What APA Corporation told investors it received

Apache Corporation is linked to APA Corporation (APA).
Realized prices reported by APA Corporation
QuarterOil$ per bblFiling
Q2 2026$98.24SEC filing
Q1 2026$78.69SEC filing
Q4 2025$61.03SEC filing
Q3 2025$67.43SEC filing
Q2 2025$65.58SEC filing
Q1 2025$73.73SEC filing

SourceAPA Corporation quarterly reports, SEC EDGAR, company-wide averages before hedging.

On the Martin, Howard and Borden County rolls

Martin County Appraisal District

2026 roll
Owners
41
Accounts
42
Appraised in all
$61,880

Each square is one account

  • Royalty37
  • Overriding royalty4
  • Working interest1

Howard County Appraisal District

2026 roll
Owners
39
Accounts
39
Appraised in all
$64,210

Each square is one account

  • Royalty38
  • Working interest1

Borden County Appraisal District

2025 roll
Owners
35
Accounts
35
Appraised in all
$196k$196,170

Each square is one account

  • Royalty31
  • Overriding royalty3
  • Working interest1

SourceMartin County Appraisal District, 2026 mineral roll (source), read Sep 29, 2026. Howard County Appraisal District, 2026 mineral roll (source), read Sep 29, 2026. Borden County Appraisal District, 2025 mineral roll (source), read Oct 7, 2026. Accounts matched to this lease by RRC number or lease name; no owner is named.

Estimate your royalty

36 months, newest first

Ledger for GRAY
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Aug 2026Apache Corporation00000$83.90$2.78
Jul 2026Apache Corporation00000$80.46$2.89
Jun 2026Apache Corporation0013130$84.81$3.15
May 2026Apache Corporation152177000$102.13$2.94
Apr 2026Apache Corporation227191000$100.32$2.77
Mar 2026Apache Corporation182191000$91.38$3.04
Feb 2026Apache Corporation26818925200$64.51$3.62
Jan 2026Apache Corporation26334127900$60.04$7.72
Dec 2025Apache Corporation23836627900$57.97$4.26
Nov 2025Apache Corporation28717027000$60.06$3.79
Oct 2025Apache Corporation36537127900$60.89$3.19
Sep 2025Apache Corporation339353000$63.96$2.97
Aug 2025Apache Corporation169190000$64.86$2.91
Jul 2025Apache Corporation0075750$68.39$3.20
Jun 2025Apache Corporation2011692002000$68.17$3.02
May 2025Apache Corporation3823771351350$62.17$3.12
Apr 2025Apache Corporation4193741561560$63.54$3.42
Mar 2025Apache Corporation6028280$68.24$4.12
Feb 2025Apache Corporation253387265130$71.53$4.19
Jan 2025Apache Corporation21719527900$75.74$4.13
Dec 2024Apache Corporation45037527900$70.12$3.01
Nov 2024Apache Corporation613576303330$69.95$2.12
Oct 2024Apache Corporation614751304250$71.99$2.20
Sep 2024Apache Corporation1,0241,1192572570$70.24$2.28
Aug 2024Apache Corporation6885571801800$76.68$1.99
Jul 2024Callon Petroleum0017170$81.80$2.07
Jun 2024Callon Petroleum00000$79.77$2.54
May 2024Callon Petroleum30000$80.02$2.12
Apr 2024Callon Petroleum239189000$85.35$1.60
Mar 2024Callon Petroleum431571000$81.28$1.49
Feb 2024Callon Petroleum518389000$77.25$1.72
Jan 2024Callon Petroleum116186000$74.15$3.18
Dec 2023Callon Petroleum276192000$71.90$2.52
Nov 2023Callon Petroleum420381000$77.69$2.71
Oct 2023Callon Petroleum354379000$85.64$2.98
Sep 2023Callon Petroleum390500000$89.43$2.64

SourceTexas Railroad Commission Production Data Query, through Aug 2026. Prices: EIA, through Oct 2026. Updated Oct 30, 2026.

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Nearby

This lease belongs to

OperatorApache CorporationFieldSpraberry (Trend Area)CountyBorden County

Apache Corporation in Borden County

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Spraberry (Trend Area) field

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