GRACE 1046
GRACE 1046 is a Texas oil lease in Lipscomb County, Railroad Commission district 10, operated by Hadaway Consult And Engineer,LLC. It has 1 wellbore on file with the Commission. Reported production runs from February 2019 to August 2026, totalling 29,937 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 $1.1M, with roughly $155K 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 83 barrels a month. Its strongest month on the record we hold was August 2019, at 5,659 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 GRACE 1046
- Who operates GRACE 1046?
- GRACE 1046 is operated by Hadaway Consult And Engineer,LLC, Railroad Commission of Texas operator number 342392.
- Where is GRACE 1046?
- GRACE 1046 is a Texas oil lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 09706.
- Is GRACE 1046 still producing?
- GRACE 1046 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GRACE 1046 is August 2026.
- How much has GRACE 1046 produced?
- GRACE 1046 has reported 29,937 barrels of oil (bbl) to the Railroad Commission of Texas between February 2019 and August 2026, from 1 wellbore.
- How much is GRACE 1046 worth?
- The remaining production from GRACE 1046 is estimated to be worth about $1.1M in total as of 26 August 2026, within a range of $595K to $1.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GRACE 1046 is a fraction of it. The estimate fits an Arps decline curve to the production GRACE 1046 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GRACE 1046 is an estimate of value, not an offer and not an appraisal.
- How much income does GRACE 1046 generate in a year?
- GRACE 1046 is forecast to net about $155K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GRACE 1046 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Hadaway Consult And Engineer,LLC |
|---|---|
| Field | Kiowa Creek (Cleveland) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 09706 |
| Wellbores | 1 |
| Reported production | 29,937 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.1M |
Where GRACE 1046 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.