DOUGLAS
DOUGLAS is a Texas gas lease in Limestone County, Railroad Commission district 05, operated by Grace Petroleum Corp. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 1,058,925 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 $183K, with roughly $29K 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 687 thousand cubic feet a month. Its strongest month on the record we hold was November 2019, at 4,139 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 DOUGLAS
- Who operates DOUGLAS?
- DOUGLAS is operated by Grace Petroleum Corp., Railroad Commission of Texas operator number 319525.
- Where is DOUGLAS?
- DOUGLAS is a Texas gas lease in Limestone County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 104480.
- Is DOUGLAS still producing?
- DOUGLAS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DOUGLAS is August 2026.
- How much has DOUGLAS produced?
- DOUGLAS has reported 1,058,925 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is DOUGLAS worth?
- The remaining production from DOUGLAS is estimated to be worth about $183K in total as of 26 August 2026, within a range of $143K to $223K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DOUGLAS is a fraction of it. The estimate fits an Arps decline curve to the production DOUGLAS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DOUGLAS is an estimate of value, not an offer and not an appraisal.
- How much income does DOUGLAS generate in a year?
- DOUGLAS is forecast to net about $29K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in DOUGLAS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Grace Petroleum Corp. |
|---|---|
| Field | Personville N (Cotton Valley LM) |
| County | Limestone County, Texas |
| RRC district | 05 |
| Lease number | 104480 |
| Wellbores | 1 |
| Reported production | 1,058,925 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $183K |
Where DOUGLAS 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.