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Texas oil lease

Producing

RAY

Ray is an oil lease in Wood County, Texas, operated by Strand Energy, L.c. in the Crow (Paluxy, Lower) field.

1 well

26,088bbl oil, last 12 months−22% vs prior year
Operator
Strand Energy, L.c.
County
Wood County
Field
Crow (Paluxy, Lower)
RRC lease
06-15860

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Where it sits

This county

Wood CountyWoodFranklinVan ZandtHuntGreggUpshurMorrisHopkinsSmithDeltaTitusCampRainsWood County
Wood County
Gas, last 12 months
2,682 mcf
Oil in Jul 2026
2,375 bbl

Production by month

Oil output fell 22% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 22% over the last 12 monthsMonthly oil production and gas for RAY, Aug 2023 to Jul 2026. Oil output fell 22% over the last 12 months. 26,088 bbl in the 12 months through Jul 2026, against 33,567 bbl in the 12 months before.Last 12 months: 26,088 bblbbl per monthmcf per month001,0001002,0002003,0003004,0004005,000500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 22% over the last 12 monthsMonthly oil production and gas for RAY, Aug 2023 to Jul 2026. Oil output fell 22% over the last 12 months. 26,088 bbl in the 12 months through Jul 2026, against 33,567 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,0001002,0002003,0003004,0004005,000500Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

66% of the gas went to flaring in the last 12 months

Flaring peaked at 88.5% of the gas in Sep 2023.

  • Lease fuel (1)
  • Flared (4)
66% of the gas went to flaring in the last 12 monthsShare of RAY gas by disposition code each month, Aug 2023 to Jul 2026. 66% of the gas went to flaring in the last 12 months. Flaring peaked at 88.5% of the gas in Sep 2023.Share of the lease’s gas by disposition code, per month0%50%100%Flared 88.5%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
66% of the gas went to flaring in the last 12 monthsShare of RAY gas by disposition code each month, Aug 2023 to Jul 2026. 66% of the gas went to flaring in the last 12 months. Flaring peaked at 88.5% of the gas in Sep 2023.Share of gas by disposition code0%50%100%Flared 88.5%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Flared (4)

    66% · 1,773 mcf

  • Lease fuel (1)

    34% · 909 mcf

66.1% of the gas flared in the last 12 months. 36 months above 3%.

1 well on this lease

Wells on RAY
API numberWell no.Status
42-499-321951Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Dk Trading & Supply, LLCOilGathers100Jul 1, 2022–
Lion Oil Trading & Trans, LLCOilGathers100Apr 1, 2022Jul 1, 2022

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

Who buys my oilOil price check

40 acres on the newest permit

Permits for Ray
API numberWell no.Acreson the permit
42-499-32195140

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for RAY
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20262,3752,237174031$80.46$2.89
Jun 20262,0551,7923230150$84.81$3.15
May 20262,2392,4402190175$102.13$2.94
Apr 20262,1911,9372020160$100.32$2.77
Mar 20262,3132,2882550168$91.38$3.04
Feb 20261,8682,0902110136$64.51$3.62
Jan 20261,319979143095$60.04$7.72
Dec 20251,1881,316134086$57.97$4.26
Nov 20252,6472,9212770193$60.06$3.79
Oct 20252,7212,4382850198$60.89$3.19
Sep 20252,0422,2771830150$63.96$2.97
Aug 20253,1302,7822760231$64.86$2.91
Jul 20252,8673,1952540212$68.39$3.20
Jun 20252,6692,2432340196$68.17$3.02
May 20253,1813,3912770233$62.17$3.12
Apr 20252,4322,2542130178$63.54$3.42
Mar 20253,2213,6873270237$68.24$4.12
Feb 20252,8492,6772840209$71.53$4.19
Jan 20252,2302,1812260163$75.74$4.13
Dec 20242,2452,2262210164$70.12$3.01
Nov 20243,0783,0453050224$69.95$2.12
Oct 20243,3513,5363360246$71.99$2.20
Sep 20242,8652,7102510210$70.24$2.28
Aug 20242,5792,7122260190$76.68$1.99
Jul 20243,3153,2392880243$81.80$2.07
Jun 20242,2552,1082010165$79.77$2.54
May 20243,4363,6942970252$80.02$2.12
Apr 20243,4703,2432970252$85.35$1.60
Mar 20243,7133,7733640271$81.28$1.49
Feb 20243,2193,2723120234$77.25$1.72
Jan 20243,3893,2683220244$74.15$3.18
Dec 20234,0934,2503890296$71.90$2.52
Nov 20233,9683,8953780288$77.69$2.71
Oct 20234,6334,5614310338$85.64$2.98
Sep 20234,7074,8143920347$89.43$2.64
Aug 20234,9175,3864510361$81.39$2.58

Flared above 3%

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

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This lease belongs to

OperatorStrand Energy, L.c.FieldCrow (Paluxy, Lower)CountyWood County

Strand Energy, L.c. in Wood County

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Crow (Paluxy, Lower) field

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