GRICE
GRICE is a Texas oil lease in Haskell County, Railroad Commission district 7B, operated by L.C.S. Production Company. It has 7 wellbores on file with the Commission. Reported production runs from July 2009 to August 2026, totalling 60,931 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 $728K, with roughly $138K 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 184 barrels a month, about 26 per wellbore. Its strongest month on the record we hold was March 2018, at 407 barrels. 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 GRICE
- Who operates GRICE?
- GRICE is operated by L.C.S. Production Company, Railroad Commission of Texas operator number 479574.
- Where is GRICE?
- GRICE is a Texas oil lease in Haskell County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 30457.
- Is GRICE still producing?
- GRICE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GRICE is August 2026.
- How much has GRICE produced?
- GRICE has reported 60,931 barrels of oil (bbl) to the Railroad Commission of Texas between July 2009 and August 2026, from 7 wellbores.
- How much is GRICE worth?
- The remaining production from GRICE is estimated to be worth about $728K in total as of 27 August 2026, within a range of $568K to $888K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GRICE is a fraction of it. The estimate fits an Arps decline curve to the production GRICE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GRICE is an estimate of value, not an offer and not an appraisal.
- How much income does GRICE generate in a year?
- GRICE is forecast to net about $138K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GRICE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | L.C.S. Production Company |
|---|---|
| Field | Sagerton, Ne. (Strawn, Up) |
| County | Haskell County, Texas |
| RRC district | 7B |
| Lease number | 30457 |
| Wellbores | 7 |
| Reported production | 60,931 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $728K |
Where GRICE 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.