GRACE UNIT
GRACE UNIT is a Texas gas lease in Fayette County, Railroad Commission district 03, operated by Magnolia Oil & Gas Operating LLC. It has 1 wellbore on file with the Commission. Reported production runs from January 2018 to August 2026, totalling 54,272 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 $46K, 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 255 thousand cubic feet a month. Its strongest month on the record we hold was October 2019, at 3,383 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 GRACE UNIT
- Who operates GRACE UNIT?
- GRACE UNIT is operated by Magnolia Oil & Gas Operating LLC, Railroad Commission of Texas operator number 521544.
- Where is GRACE UNIT?
- GRACE UNIT is a Texas gas lease in Fayette County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 284268.
- Is GRACE UNIT still producing?
- GRACE UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GRACE UNIT is August 2026.
- How much has GRACE UNIT produced?
- GRACE UNIT has reported 54,272 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 2018 and August 2026, from 1 wellbore.
- How much is GRACE UNIT worth?
- The remaining production from GRACE UNIT is estimated to be worth about $46K in total as of 26 August 2026, within a range of $36K to $56K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GRACE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production GRACE UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GRACE UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does GRACE UNIT generate in a year?
- GRACE UNIT is forecast to net about $6K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GRACE UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Magnolia Oil & Gas Operating LLC |
|---|---|
| Field | Giddings (Austin Chalk, Gas) |
| County | Fayette County, Texas |
| RRC district | 03 |
| Lease number | 284268 |
| Wellbores | 1 |
| Reported production | 54,272 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $46K |
Where GRACE UNIT 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.