GRACE
GRACE is a Texas oil lease in Hockley County, Railroad Commission district 8A, operated by BC Operating, Inc. It has 1 wellbore on file with the Commission. Reported production runs from June 2019 to August 2026, totalling 3,941 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 $113K, with roughly $22K 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 27 barrels a month. Its strongest month on the record we hold was July 2020, at 208 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
- Who operates GRACE?
- GRACE is operated by BC Operating, Inc., Railroad Commission of Texas operator number 058893.
- Where is GRACE?
- GRACE is a Texas oil lease in Hockley County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 70913.
- Is GRACE still producing?
- GRACE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GRACE is August 2026.
- How much has GRACE produced?
- GRACE has reported 3,941 barrels of oil (bbl) to the Railroad Commission of Texas between June 2019 and August 2026, from 1 wellbore.
- How much is GRACE worth?
- The remaining production from GRACE is estimated to be worth about $113K in total as of 26 August 2026, within a range of $62K to $164K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GRACE is a fraction of it. The estimate fits an Arps decline curve to the production GRACE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GRACE is an estimate of value, not an offer and not an appraisal.
- How much income does GRACE generate in a year?
- GRACE is forecast to net about $22K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GRACE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | BC Operating, Inc. |
|---|---|
| Field | Anton, Se. (Lower Leonard) |
| County | Hockley County, Texas |
| RRC district | 8A |
| Lease number | 70913 |
| Wellbores | 1 |
| Reported production | 3,941 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $113K |
Where GRACE 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.