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Texas oil lease · RRC district 7B · Lease 14988

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GRAY

Gray is an oil lease in Eastland County, Texas, operated by Mogul Resources, LLC in the Penn (Ranger) field. The Railroad Commission shows 70 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 1 well

70bbl oil, last 12 months+6% vs prior year
RRC lease
7B-14988

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Where it sits

This county

Eastland CountyEastlandShackelfordCallahanPalo PintoErathComancheStephensEastland County
Eastland County · RRC district 7BOpen Eastland County →
Gas, last 12 months
367 mcf
Oil in Jul 2026
0 bbl
Reporting to the state
since Jan 2020
Wells
1

Production

Month by month, from the state record

What the Railroad Commission says this oil lease produced. Oil is in barrels (bbl). Gas is in thousand cubic feet (mcf).

Oil output rose 6% over the last 12 months

70 bbl in the 12 months through Jul 2026, against 66 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output rose 6% over the last 12 monthsMonthly oil production and gas for GRAY, Aug 2023 to Jul 2026. Oil output rose 6% over the last 12 months. 70 bbl in the 12 months through Jul 2026, against 66 bbl in the 12 months before.Last 12 months: 70 bblbbl per monthmcf per month00525105015752010025125Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 6% over the last 12 monthsMonthly oil production and gas for GRAY, Aug 2023 to Jul 2026. Oil output rose 6% over the last 12 months. 70 bbl in the 12 months through Jul 2026, against 66 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00525105015752010025125Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 14988, district 7B. Reported through Jul 2026. The state revises recent months.

Gas disposition

Where the gas went

Every month the operator tells the state where each mcf of gas went, using a code. The code decides how your gas is paid.

All of the gas went to a processing plant in the last 12 months

Each bar is one month. Colors are the disposition codes the operator reported.

All of the gas went to a processing plant in the last 12 monthsShare of GRAY gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant in the last 12 months. Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to a processing plant in the last 12 monthsShare of GRAY gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant in the last 12 months. Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 14988, district 7B. Reported through Jul 2026.

Processing plant (3)

Sent to a gas plant that pulls out natural gas liquids. Your statement should show plant products, and may show processing fees.

None of the gas was flared in the last 12 months.

Operator history

Who has run this lease

The operator runs the wells and pays your royalty. When the operator changes, payments often slip for a month or two.

The operator changed once, most recently in May 2026

If your statements skip or shrink around a change, ask the new operator's owner relations department whether the month is in suspense.

Operators of this lease over timeSo Operating Company, Jan 2020 to Apr 2026; Mogul Resources, LLC, May 2026 to Jul 20262020202120222023202420252026Changed May 2026So Operating CompanyJan 2020 to Apr 2026Mogul Resources, LLCMay 2026 to now
Operators of this lease over timeSo Operating Company, Jan 2020 to Apr 2026; Mogul Resources, LLC, May 2026 to Jul 20262020202120222023202420252026Changed May 2026So Operating CompanyJan 2020 to Apr 2026Mogul Resources, LLCMay 2026 to now

SourceTexas Railroad Commission Production Data Query, operator by month. Reported through Jul 2026.

Wells

1 well on this lease

Every well the Railroad Commission links to oil lease 14988 in district 7B. The API number is the state’s ID for a well.
Wells on GRAY
API numberWell no.Status
42-133-315071Active

SourceTexas Railroad Commission Wellbore Query, district 7B, lease 14988.

Who buys and gathers

Who moves and buys this lease's production

The operator files a Form P-4 with the Railroad Commission naming the companies authorised to gather and buy the oil and gas. The buyer's price is the one your royalty is figured on.
  • Oil

    Energy Trans Crude Marketing LLC gathers it.

    100% of it, on the list since May 1, 2026

  • Gas from oil wells

    Colt Gathering (North Texas)l.p. buys and gathers it.

    Colt Gathering (North Texas)l.p. buys it: 100% of it, on the list since Jul 1, 2021 · Colt Gathering (North Texas)l.p. gathers it: 100% of it, on the list since Jul 1, 2021

Companies that used to be listed: Energy Trans Crude Marketing LLC (gathers it, until May 1, 2026); Energy Transfer Marketing & Term (gathers it, until May 1, 2026); Sunoco Ptnrs. Mktg.&terminals LP (gathers it, until Dec 1, 2022); Enlink Midstream Services, LLC (gathers it, until Jul 1, 2021); Devon Gas Services, L.p. (buys it, until Jul 1, 2021); Sunoco Ptnrs. Mktg.&terminals LP (gathers it, until Jul 1, 2021).

SourceRailroad Commission of Texas, Form P-4 file, dated Sep 24, 2026 (source). A listed company is authorised to move or buy the production; the state does not say what it paid.

Unit and wells

100 acres on the newest permit

Acres and wells as the operator filed them on its Railroad Commission drilling permits. Your decimal is your net acres over the unit acres, so this is the number to hold your division order against.
Wells on the permits
11 not plugged
Horizontal
0
First completion
Feb 15, 1979
Latest permit
Jul 13, 1978
Wells and acres on the permits for Gray
API numberWell no.Acreson the permit
42-133-315071100

SourceRailroad Commission of Texas, drilling permits and wellbore file, Sep 26, 2026 (source 1, source 2). The acres are what the operator filed; they are not a survey.

Estimator

Estimate your royalty for this lease

A rough check before you look at a statement: the state volumes times your decimal, priced at WTI and Henry Hub.

Estimator

What could your check be?

Your decimal interest is the small number on your division order that says what share of the whole lease (8/8ths) is yours. Type it in and we apply it to what the state says GRAY sold each month.

For example 0.00097656, or a fraction like 1/1024.

Your estimate appears here

Enter your decimal to see an estimated royalty for each of the last 12 months this lease reported. Nothing you type leaves your browser.

An estimate, not your check

It ignores gathering and processing fees, taxes, plant products and the price your operator actually gets, so your statement will differ. Use it as a ceiling to compare against. Regional gas prices are often below Henry Hub.

Ledger

36 months, newest first

Compare these numbers with your statements. Your share of a month is the “Oil sold” volume times your decimal. Scroll sideways on a phone.
Monthly production, disposition and prices for GRAY
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Mogul Resources,00000$80.46$2.89
Jun 2026Mogul Resources,00000$84.81$3.15
May 2026Mogul Resources,00000$102.13$2.94
Apr 2026So Operating1001251250$100.32$2.77
Mar 2026So Operating20045450$91.38$3.04
Feb 2026So Operating8043430$64.51$3.62
Jan 2026So Operating8062620$60.04$7.72
Dec 2025So Operating10032320$57.97$4.26
Nov 2025So Operating5010100$60.06$3.79
Oct 2025So Operating5050500$60.89$3.19
Sep 2025So Operating20000$63.96$2.97
Aug 2025So Operating20000$64.86$2.91
Jul 2025So Operating2031310$68.39$3.20
Jun 2025So Operating417424240$68.17$3.02
May 2025So Operating10051510$62.17$3.12
Apr 2025So Operating20049490$63.54$3.42
Mar 2025So Operating21066660$68.24$4.12
Feb 2025So Operating1023230$71.53$4.19
Jan 2025So Operating1022220$75.74$4.13
Dec 2024So Operating1015150$70.12$3.01
Nov 2024So Operating2029290$69.95$2.12
Oct 2024So Operating2023230$71.99$2.20
Sep 2024So Operating1046460$70.24$2.28
Aug 2024So Operating1014140$76.68$1.99
Jul 2024So Operating1022220$81.80$2.07
Jun 2024So Operating1014140$79.77$2.54
May 2024So Operating1031310$80.02$2.12
Apr 2024So Operating10660$85.35$1.60
Mar 2024So Operating1023230$81.28$1.49
Feb 2024So Operating1014140$77.25$1.72
Jan 2024So Operating2029290$74.15$3.18
Dec 2023So Operating2018180$71.90$2.52
Nov 2023So Operating2017170$77.69$2.71
Oct 2023So Operating2027270$85.64$2.98
Sep 2023So Operating20000$89.43$2.64
Aug 2023So Operating20000$81.39$2.58

No report filed More than 3% of gas flared

SourceVolumes: Texas Railroad Commission Production Data Query, reported through Jul 2026. Prices: EIA WTI Cushing spot and Henry Hub spot, monthly, through Aug 2026. “Gas sold” is gas sent to a transmission line (code 2) or a plant (code 3).

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Upload your statements for GRAY. We compare volumes, prices, deductions and timing with the state record and give you the exact question to ask Mogul Resources, LLC.

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  • The price against WTI and Henry Hub
  • Fees taken on gas
  • Late payment interest

Around this lease

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Mogul Resources, LLC in Eastland County

No other producing leases from this operator in this county are in our data yet.

Penn (Ranger) field

All leases in this field →

Leases within 10 km

Found by the location of their wells.

New drilling permits in Eastland County

We do not have coordinates for this lease, so these are the newest permits in its county.

How to read this page

Questions owners ask

What is a decimal interest?

It is your share of the whole lease, written as a decimal. A 1/4 royalty on 5 net acres in a 1,280-acre unit is 1/4 × 5 ÷ 1,280 = 0.00097656. Your division order states yours.

How do I use this page to check a royalty check?

Take the “Oil sold” volume for the month the check covers and multiply it by your decimal. The answer should match the barrels on your statement. If it does not, upload the statement and we will show where the two differ.

Why is the newest month Jul 2026?

The Railroad Commission publishes production two to three months after the fact and revises recent months. We re-pull the latest three months on every update.

Does this page show what my check should be?

No. It shows what the state recorded. Prices, fees and taxes depend on your lease and on what your operator gets for the oil and gas. The estimator gives a ceiling to compare against.

Sources and method

Where these numbers come from

  • Production and disposition by month: Texas Railroad Commission Production Data Query, oil lease 14988, district 7B, reported through Jul 2026.
  • Wells: Texas Railroad Commission Wellbore Query.
  • Prices: U.S. Energy Information Administration, WTI Cushing spot and Henry Hub spot, monthly.
  • Page updated Sep 28, 2026.

We show the state’s numbers as filed. Where the state has no report for a month, we say so instead of guessing.