GRACE, JACK RANCH GU 3
GRACE, JACK RANCH GU 3 is a Texas gas lease in Jack County, Railroad Commission district 09, operated by Mitchell Energy Corporation. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 289,235 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 $26K, with roughly $3K 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 120 thousand cubic feet a month. Its strongest month on the record we hold was January 2018, at 413 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, JACK RANCH GU 3
- Who operates GRACE, JACK RANCH GU 3?
- GRACE, JACK RANCH GU 3 is operated by Mitchell Energy Corporation, Railroad Commission of Texas operator number 570655.
- Where is GRACE, JACK RANCH GU 3?
- GRACE, JACK RANCH GU 3 is a Texas gas lease in Jack County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 040973.
- Is GRACE, JACK RANCH GU 3 still producing?
- GRACE, JACK RANCH GU 3 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GRACE, JACK RANCH GU 3 is August 2026.
- How much has GRACE, JACK RANCH GU 3 produced?
- GRACE, JACK RANCH GU 3 has reported 289,235 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is GRACE, JACK RANCH GU 3 worth?
- The remaining production from GRACE, JACK RANCH GU 3 is estimated to be worth about $26K in total as of 26 August 2026, within a range of $20K to $31K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GRACE, JACK RANCH GU 3 is a fraction of it. The estimate fits an Arps decline curve to the production GRACE, JACK RANCH GU 3 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GRACE, JACK RANCH GU 3 is an estimate of value, not an offer and not an appraisal.
- How much income does GRACE, JACK RANCH GU 3 generate in a year?
- GRACE, JACK RANCH GU 3 is forecast to net about $3K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GRACE, JACK RANCH GU 3 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mitchell Energy Corporation |
|---|---|
| Field | Boonsville (Bend Congl., Gas) |
| County | Jack County, Texas |
| RRC district | 09 |
| Lease number | 040973 |
| Wellbores | 1 |
| Reported production | 289,235 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $26K |
Where GRACE, JACK RANCH GU 3 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.