PACE BROS.
PACE BROS. is a Texas oil lease in Cooke County, Railroad Commission district 09, operated by Kaler Oil Company. It has 10 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 62,106 barrels. 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 $373K, with roughly $72K 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 86 barrels a month, about 9 per wellbore. Its strongest month on the record we hold was June 2021, at 163 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 PACE BROS.
- Who operates PACE BROS.?
- PACE BROS. is operated by Kaler Oil Company, Railroad Commission of Texas operator number 450260.
- Where is PACE BROS.?
- PACE BROS. is a Texas oil lease in Cooke County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 02135.
- Is PACE BROS. still producing?
- PACE BROS. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PACE BROS. is August 2026.
- How much has PACE BROS. produced?
- PACE BROS. has reported 62,106 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 10 wellbores.
- How much is PACE BROS. worth?
- The remaining production from PACE BROS. is estimated to be worth about $373K in total as of 26 August 2026, within a range of $205K to $541K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PACE BROS. is a fraction of it. The estimate fits an Arps decline curve to the production PACE BROS. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PACE BROS. is an estimate of value, not an offer and not an appraisal.
- How much income does PACE BROS. generate in a year?
- PACE BROS. is forecast to net about $72K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PACE BROS. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Kaler Oil Company |
|---|---|
| Field | Cooke County Regular |
| County | Cooke County, Texas |
| RRC district | 09 |
| Lease number | 02135 |
| Wellbores | 10 |
| Reported production | 62,106 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $373K |
Where PACE BROS. 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.