Skip to content
Royalty Clerk

Texas oil lease

Shut in

GRAY 2 OIL UNIT

Gray 2 Oil Unit is an oil lease in Cherokee County, Texas, operated by Valence Operating Company in the P.l. (Rodessa) field.

1 well

307bbl oil, last 12 months−52% vs prior year
Operator
Valence Operating Company
County
Cherokee County
Field
P.l. (Rodessa)
RRC lease
06-15220

Is your check right?

Check my statement

Where it sits

This county

Cherokee CountyCherokeeAndersonNacogdochesSmithRuskHendersonCherokee County
Cherokee County
Gas, last 12 months
3,183 mcf
Oil in Jul 2026
0 bbl

Production by month

Oil output fell 52% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 52% over the last 12 monthsMonthly oil production and gas for GRAY 2 OIL UNIT, Aug 2023 to Jul 2026. Oil output fell 52% over the last 12 months. 307 bbl in the 12 months through Jul 2026, against 642 bbl in the 12 months before.Last 12 months: 307 bblbbl per monthmcf per month00502501005001507502001,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 52% over the last 12 monthsMonthly oil production and gas for GRAY 2 OIL UNIT, Aug 2023 to Jul 2026. Oil output fell 52% over the last 12 months. 307 bbl in the 12 months through Jul 2026, against 642 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00502501005001507502001,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

94% of the gas went to a transmission line in the last 12 months

  • Transmission line (2)
  • Lease fuel (1)
94% of the gas went to a transmission line in the last 12 monthsShare of GRAY 2 OIL UNIT gas by disposition code each month, Aug 2023 to Jul 2026. 94% of the gas went to a transmission line in the last 12 months.Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
94% of the gas went to a transmission line in the last 12 monthsShare of GRAY 2 OIL UNIT gas by disposition code each month, Aug 2023 to Jul 2026. 94% of the gas went to a transmission line in the last 12 months.Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    94% · 3,505 mcf

  • Lease fuel (1)

    6.2% · 233 mcf

1 well on this lease

Wells on GRAY 2 OIL UNIT
API numberWell no.Status
42-073-314782Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Dk Trading & Supply, LLCOilGathers90Jan 1, 2023–
Eastex Crude Company, LLCOilGathers10Jan 1, 2023–
Midcoast G & P (East Texas) L.p.Casinghead gasBuys100Oct 1, 2020–
Midcoast Pipelines (E Tx) L.p.Casinghead gasGathers100Oct 1, 2020–
Eastex Crude CompanyOilGathers10Sep 1, 2020Jan 1, 2023
Lion Oil Trading & Trans, LLCOilGathers90Sep 1, 2020Jan 1, 2023
Energy Transfer CompanyCasinghead gasGathers90Feb 1, 2019Oct 1, 2020
Midcoast Pipelines (E Tx) L.p.Casinghead gasGathers10Feb 1, 2019Oct 1, 2020
Energy Transfer CompanyCasinghead gasBuys90Feb 1, 2019Oct 1, 2020
Midcoast Pipelines (E Tx) L.p.Casinghead gasBuys10Sep 1, 2020Oct 1, 2020

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

Who buys my oilOil price check

680.92 acres on the newest permit

Permits for Gray 2 Oil Unit
API numberWell no.Acreson the permit
42-073-314782680.92

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for GRAY 2 OIL UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202600000$80.46$2.89
Jun 202600000$84.81$3.15
May 202600000$102.13$2.94
Apr 202646631290$100.32$2.77
Mar 202680107990$91.38$3.04
Feb 20265088810$64.51$3.62
Jan 20261501561460$60.04$7.72
Dec 2025541712051910$57.97$4.26
Nov 2025004283910$60.06$3.79
Oct 20255008057420$60.89$3.19
Sep 2025671706606190$63.96$2.97
Aug 202510407036850$64.86$2.91
Jul 20252041380$68.39$3.20
Jun 20251201741640$68.17$3.02
May 20252203403200$62.17$3.12
Apr 20252805285040$63.54$3.42
Mar 2025641395985710$68.24$4.12
Feb 2025111067670$71.53$4.19
Jan 202500000$75.74$4.13
Dec 202400220$70.12$3.01
Nov 20241521823263260$69.95$2.12
Oct 20241151716026020$71.99$2.20
Sep 20245705505500$70.24$2.28
Aug 202479895615480$76.68$1.99
Jul 2024771676005860$81.80$2.07
Jun 20246005185060$79.77$2.54
May 20245704944830$80.02$2.12
Apr 2024521693733640$85.35$1.60
Mar 20243003223140$81.28$1.49
Feb 20245702412360$77.25$1.72
Jan 20242201281250$74.15$3.18
Dec 20234302742680$71.90$2.52
Nov 2023691712392330$77.69$2.71
Oct 20237902742690$85.64$2.98
Sep 202300000$89.43$2.64
Aug 202300000$81.39$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

How to check your stub against this lease

Do your checks match this lease?

Check my statement

Nearby

This lease belongs to

OperatorValence Operating CompanyFieldP.l. (Rodessa)CountyCherokee County

Valence Operating Company in Cherokee County

All Valence Operating Company leases →

P.l. (Rodessa) field

All leases in this field →

Leases within 10 km

Drilling permits within 10 km