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 April 1996 to August 2026, totalling 252,177 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 $225K, with roughly $39K 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 1,424 thousand cubic feet a month. Its strongest month on the record we hold was December 2025, at 3,709 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% 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 159277.
- 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 252,177 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between April 1996 and August 2026, from 1 wellbore.
- How much is GRAVES "12" worth?
- The remaining production from GRAVES "12" is estimated to be worth about $225K in total as of 27 August 2026, within a range of $186K to $263K. 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 $39K 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 | 159277 |
| Wellbores | 1 |
| Reported production | 252,177 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $225K |
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.