GRAVES 12
GRAVES 12 is a Texas gas lease in Crockett County, Railroad Commission district 7C, operated by Union Pacific Resources Company. It has 1 wellbore on file with the Commission. Reported production runs from March 2000 to August 2026, totalling 202,484 thousand cubic feet. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $44K, with roughly $6K expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 216 thousand cubic feet a month. Its strongest month on the record we hold was April 2018, at 448 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 22% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about GRAVES 12
- Who operates GRAVES 12?
- GRAVES 12 is operated by Union Pacific Resources Company, Railroad Commission of Texas operator number 876645.
- Where is GRAVES 12?
- GRAVES 12 is a Texas gas lease in Crockett County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 177018.
- Is GRAVES 12 still producing?
- GRAVES 12 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GRAVES 12 is August 2026.
- How much has GRAVES 12 produced?
- GRAVES 12 has reported 202,484 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 2000 and August 2026, from 1 wellbore.
- How much is GRAVES 12 worth?
- The remaining production from GRAVES 12 is estimated to be worth about $44K in total as of 27 August 2026, within a range of $35K to $54K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GRAVES 12 is a fraction of it. The estimate fits an Arps decline curve to the production GRAVES 12 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GRAVES 12 is an estimate of value, not an offer and not an appraisal.
- How much income does GRAVES 12 generate in a year?
- GRAVES 12 is forecast to net about $6K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GRAVES 12 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Union Pacific Resources Company |
|---|---|
| Field | Ozona (Canyon Sand) |
| County | Crockett County, Texas |
| RRC district | 7C |
| Lease number | 177018 |
| Wellbores | 1 |
| Reported production | 202,484 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $44K |
Where GRAVES 12 sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.