Quick answer: Valor's Gray County, Texas rankings show the 20 operators producing the most oil and gas here — Petco Energy Corp leads — from Texas Railroad Commission filings over the last six months. If you own minerals in Gray County, these operators are your likely check-writers. Valor verifies the operator on your tract, audits every royalty check, and recovers suspended funds. Valor manages minerals; it never buys them.
The top 20 oil and gas operators in Gray County, Texas, ranked by monthly oil production. Combined output of all 25 reporting operators: 5,607,970 BBL oil and 5,581,695 Mcf gas across 853 reporting wells/leases.
Momentum blends the year-over-year change in average monthly production (oil + gas at 6 Mcf per BOE, 2025-11 – 2026-05 vs the same months a year earlier, complete reporting months only) with the change in drilling permits (last 12 months vs the prior 12: 0 vs 1). Each input is capped at ±100%.
Benchmark gross value of production: about $5.9M per month — 54,743 bbl of oil and 435,214 Mcf of gas a month, priced at the EIA average WTI ($73.03/bbl) and Henry Hub ($4.20/MMBtu) spot prices over the same months.
Benchmark prices before quality and location differentials, transport, taxes and costs; this is a county-level economic indicator, not the value of any mineral or royalty interest.
Source: Valor analysis of public oil and gas data. Statistics are published on this page; no bulk download is offered.
| Rank | Operator | Oil (BBL) | Gas (Mcf) | Wells |
|---|---|---|---|---|
| 1 | Petco Energy Corp | 2,314,349 | 2,394,889 | 34 |
| 2 | Large Operating LLC | 2,046,182 | 571,832 | 33 |
| 3 | Bcemach Iii LLC | 250,322 | 964,400 | 421 |
| 4 | Ponderosa Tx Operating | 186,773 | 636,574 | 73 |
| 5 | O G P Operating | 173,516 | 1,080 | 5 |
| 6 | Diamond S Energy Company | 133,646 | 15,083 | 14 |
| 7 | Exxcel Production Company | 96,775 | 219,875 | 34 |
| 8 | Seek Energy | 69,311 | 177,160 | 7 |
| 9 | Bradley Operating Company | 60,542 | 270 | 19 |
| 10 | Mon | 30,807 | 93,290 | 23 |
| 11 | Rio Petroleum | 28,556 | 6,406 | 6 |
| 12 | Oilwell Operators | 26,802 | 319,865 | 92 |
| 13 | Red Line Company | 24,609 | 18,455 | 20 |
| 14 | Blacks Oil & Gas | 24,059 | 39,238 | 9 |
| 16 | Crude Operators | 20,912 | 0 | 3 |
| 18 | 6a Production | 14,650 | 80,163 | 27 |
| 21 | Helton Petroleum | 10,156 | 176 | 5 |
| 22 | Ol Boys Operations LLC | 9,108 | 5,619 | 6 |
| 24 | Lejan | 6,366 | 1,245 | 13 |
| 25 | Borger Resources 2 | 6,171 | 21,628 | 3 |
| — | 5 other operators (fewer than 3 producing wells/leases each) | 74,358 | 14,447 | 6 |
The largest oil and gas operators in Gray County by reported production are Petco Energy Corp, Large Operating LLC, and Bcemach Iii LLC. In total, 25 operators reported 5,607,970 BBL of oil and 5,581,695 Mcf of gas across 853 wells and leases over the last six months. If you own minerals in Gray County, these operators are your likely check-writers — Valor tracks production and royalties by tract so you know who owes you.
Start with the operator rankings on this page, then confirm the exact well and operator on your tract through the Gray County records and your division orders. Valor's mineral management verifies which operators cover your Gray County tracts and reconciles every royalty check to the right well.
Yes — 25 operators reported active production in Gray County over the last six months, led by Petco Energy Corp. Activity shifts as operators drill, complete, and sell interests; Valor monitors production and permits so Gray County owners can see changes near their tracts.
Operators pay Gray County mineral owners a royalty on production, based on a decimal interest set out on a division order. Missed or suspended checks are common after a move, a death, or a title gap. Valor audits Gray County royalty statements, recovers suspended funds, and manages the interest so owners are paid correctly.
Valor manages minerals for owners — confirming which of the operators above cover your tracts, auditing every royalty check, recovering suspended and unclaimed funds, and giving you one clear, tax-ready view of what you own in Gray County. Valor manages minerals; it never buys them.
Page last reviewed: July 2026. Rankings are refreshed monthly from Texas Railroad Commission filings.