PACIFIC 1
PACIFIC 1 is a Texas oil lease in Loving County, Railroad Commission district 08, operated by Atlantic Operating, Inc. It has 5 wellbores on file with the Commission. Reported production runs from November 2006 to August 2026, totalling 177,214 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 $739K, with roughly $185K 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 257 barrels a month, about 51 per wellbore. Its strongest month on the record we hold was May 2016, at 618 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 PACIFIC 1
- Who operates PACIFIC 1?
- PACIFIC 1 is operated by Atlantic Operating, Inc., Railroad Commission of Texas operator number 036546.
- Where is PACIFIC 1?
- PACIFIC 1 is a Texas oil lease in Loving County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 38223.
- Is PACIFIC 1 still producing?
- PACIFIC 1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PACIFIC 1 is August 2026.
- How much has PACIFIC 1 produced?
- PACIFIC 1 has reported 177,214 barrels of oil (bbl) to the Railroad Commission of Texas between November 2006 and August 2026, from 5 wellbores.
- How much is PACIFIC 1 worth?
- The remaining production from PACIFIC 1 is estimated to be worth about $739K in total as of 26 August 2026, within a range of $576K to $902K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PACIFIC 1 is a fraction of it. The estimate fits an Arps decline curve to the production PACIFIC 1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PACIFIC 1 is an estimate of value, not an offer and not an appraisal.
- How much income does PACIFIC 1 generate in a year?
- PACIFIC 1 is forecast to net about $185K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PACIFIC 1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Atlantic Operating, Inc. |
|---|---|
| Field | Grice (Delaware) |
| County | Loving County, Texas |
| RRC district | 08 |
| Lease number | 38223 |
| Wellbores | 5 |
| Reported production | 177,214 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $739K |
Where PACIFIC 1 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.