Gray 1

Oil & Gas Property in Cherokee County, TX

Property Summary

Key data points for Gray 1

CountyCherokee County, TX
OperatorVALENCE OPERATING COMPANY
Production DatesJan 2004 - Jan 2025
Total Oil Production24,881 BBLs
Total Gas Production1,287,991 MCF
Recent Oil Production0 BBLs in Dec 2024
Recent Gas Production229 MCF in Dec 2024
Wells on Property1

Our Valuation Estimates for Gray 1

ShaleAssessment

Not Available

MarketMultiple

$463 **

* Assessment based on future expected revenue
** Based on a 36 month multiple of average monthly estimated revenue

Based on a decimal interest

Gray 1 Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Gray 1
from Jan 2004 to Jan 2025

Wells on Gray 1

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-073-31077GRAY 1VALENCE OPERATING COMPANYProducingCherokee County, TX32.132833-95.045571

Leases included in Gray 1

Lease #Lease NameOperatorCountyMonthly Gas Prod.
06-200157GRAY 1VALENCE OPERATING COMPANYCherokee County, TX
06-203990GRAY 1VALENCE OPERATING COMPANYCherokee County, TX
06-204227GRAY 1VALENCE OPERATING COMPANYCherokee County, TX

Nearby Properties

These are the closest 20 properties to the Gray 1 property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
BurnsCherokee County, TX378 BBLs10,676 MCFJan 2025
Burns-Poole 1HCherokee County, TX419 BBLs9,377 MCFJan 2025
BurtonCherokee County, TX0 BBLs7,287 MCFJan 2025
Cole 2Smith County, TX3 BBLs855 MCFJan 2025
GuthrieSmith County, TX576 BBLs7,951 MCFJan 2025
Guthrie-Wilson Gu1Smith County, TX134 BBLs15,400 MCFJan 2025
Lintner-Guthrie (Smith County, TX212 BBLs13,775 MCFJan 2025
Lintner-Wilson Gu 2 (AllocSmith County, TX31 BBLs8,640 MCFJan 2025
McElroyCherokee County, TX484 BBLs10,898 MCFJan 2025
McElroy A - Wilkinson (Alloc) 1HCherokee County, TX149 BBLs12,762 MCFJan 2025
McElroy A -Murray (Alloc) 1HCherokee County, TX63 BBLs4,970 MCFJan 2025
McElroy-Guthrie-Wilsongu1(Alloc) 1HCherokee County, TX88 BBLs9,690 MCFJan 2025
McElroy-SwannCherokee County, TX417 BBLs33,984 MCFJan 2025
PBGM 1HSmith County, TX446 BBLs11,549 MCFJan 2025
PooleSmith County, TX157 BBLs5,801 MCFJan 2025
Reagan-Black Stone-Wilkinson (AlCherokee County, TX397 BBLs19,251 MCFJan 2025
Sieber 1Cherokee County, TX3 BBLs252 MCFJan 2025
ThompsonCherokee County, TX144 BBLs7,745 MCFJan 2025
Wilkinson - McElroy A Alloc 1HCherokee County, TX186 BBLs6,635 MCFJan 2025
Wilson David GSmith County, TX308 BBLs20,019 MCFJan 2025

Owners of Gray 1

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2024VALENCE OPERATING COMPANYGRAY W#1VALENCE OPERAT
2024GRAY JANET HGRAY W#1VALENCE OPERAT
2024GRAY DONALD RGRAY W#1VALENCE OPERAT

Oil & Gas Sales on Gray 1

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
06-200157GRAY 1Apr 2024DK TRADING & SUPPLY, LLCVALENCE OPERATING COMPANY
06-200157GRAY 1Apr 2024REGENCY DESOTO-HESCO SERVICES LLCVALENCE OPERATING COMPANY
06-200157GRAY 1Apr 2024VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
06-200157GRAY 1Mar 2024REGENCY DESOTO-HESCO SERVICES LLCVALENCE OPERATING COMPANY
06-200157GRAY 1Mar 2024VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
06-200157GRAY 1Feb 2024REGENCY DESOTO-HESCO SERVICES LLCVALENCE OPERATING COMPANY
06-200157GRAY 1Feb 2024VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
06-200157GRAY 1Jan 2024REGENCY DESOTO-HESCO SERVICES LLCVALENCE OPERATING COMPANY
06-200157GRAY 1Jan 2024VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
06-200157GRAY 1Dec 2023REGENCY DESOTO-HESCO SERVICES LLCVALENCE OPERATING COMPANY
06-200157GRAY 1Dec 2023VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
06-200157GRAY 1Nov 2023REGENCY DESOTO-HESCO SERVICES LLCVALENCE OPERATING COMPANY
06-200157GRAY 1Nov 2023VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
06-200157GRAY 1Oct 2023VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
06-200157GRAY 1Oct 2023REGENCY DESOTO-HESCO SERVICES LLCVALENCE OPERATING COMPANY
06-200157GRAY 1Dec 2022REGENCY DESOTO-HESCO SERVICES LLCVALENCE OPERATING COMPANY
06-200157GRAY 1Nov 2022VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
06-200157GRAY 1Nov 2022REGENCY DESOTO-HESCO SERVICES LLCVALENCE OPERATING COMPANY
06-200157GRAY 1Oct 2022REGENCY DESOTO-HESCO SERVICES LLCVALENCE OPERATING COMPANY
06-200157GRAY 1Oct 2022VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
06-200157GRAY 1Sep 2022REGENCY DESOTO-HESCO SERVICES LLCVALENCE OPERATING COMPANY
06-200157GRAY 1Sep 2022VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
06-200157GRAY 1Aug 2022VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
06-200157GRAY 1Aug 2022REGENCY DESOTO-HESCO SERVICES LLCVALENCE OPERATING COMPANY
06-200157GRAY 1Jul 2022REGENCY DESOTO-HESCO SERVICES LLCVALENCE OPERATING COMPANY