PACE, D. H. ESTATE
PACE, D. H. ESTATE is a Texas oil lease in Mitchell County, Railroad Commission district 8A, operated by Western DRLG. Co. It has 6 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 31,362 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 $169K, with roughly $32K 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 45 barrels a month, about 8 per wellbore. Its strongest month on the record we hold was September 2018, at 72 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 PACE, D. H. ESTATE
- Who operates PACE, D. H. ESTATE?
- PACE, D. H. ESTATE is operated by Western DRLG. Co., Railroad Commission of Texas operator number 911850.
- Where is PACE, D. H. ESTATE?
- PACE, D. H. ESTATE is a Texas oil lease in Mitchell County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 09678.
- Is PACE, D. H. ESTATE still producing?
- PACE, D. H. ESTATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PACE, D. H. ESTATE is August 2026.
- How much has PACE, D. H. ESTATE produced?
- PACE, D. H. ESTATE has reported 31,362 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 6 wellbores.
- How much is PACE, D. H. ESTATE worth?
- The remaining production from PACE, D. H. ESTATE is estimated to be worth about $169K in total as of 27 August 2026, within a range of $93K to $244K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PACE, D. H. ESTATE is a fraction of it. The estimate fits an Arps decline curve to the production PACE, D. H. ESTATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PACE, D. H. ESTATE is an estimate of value, not an offer and not an appraisal.
- How much income does PACE, D. H. ESTATE generate in a year?
- PACE, D. H. ESTATE is forecast to net about $32K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PACE, D. H. ESTATE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Western DRLG. Co. |
|---|---|
| Field | Sharon Ridge (1700) |
| County | Mitchell County, Texas |
| RRC district | 8A |
| Lease number | 09678 |
| Wellbores | 6 |
| Reported production | 31,362 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $169K |
Where PACE, D. H. ESTATE 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.