GRAHAM 186-187 (ALLOC-E)

GRAHAM 186-187 (ALLOC-E) is a Texas gas lease in Reagan County, Railroad Commission district 7C, operated by Vital Energy, Inc. It has 1 wellbore on file with the Commission. Reported production runs from July 2023 to August 2026, totalling 1,062,367 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 $4.3M, with roughly $711K 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 27,903 thousand cubic feet a month. Its strongest month on the record we hold was October 2023, at 37,514 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 18% 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 GRAHAM 186-187 (ALLOC-E)

Who operates GRAHAM 186-187 (ALLOC-E)?: GRAHAM 186-187 (ALLOC-E) is operated by Vital Energy, Inc., Railroad Commission of Texas operator number 100951.
Where is GRAHAM 186-187 (ALLOC-E)?: GRAHAM 186-187 (ALLOC-E) is a Texas gas lease in Reagan County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 295522.
Is GRAHAM 186-187 (ALLOC-E) still producing?: GRAHAM 186-187 (ALLOC-E) is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GRAHAM 186-187 (ALLOC-E) is August 2026.
How much has GRAHAM 186-187 (ALLOC-E) produced?: GRAHAM 186-187 (ALLOC-E) has reported 1,062,367 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between July 2023 and August 2026, from 1 wellbore.
How much is GRAHAM 186-187 (ALLOC-E) worth?: The remaining production from GRAHAM 186-187 (ALLOC-E) is estimated to be worth about $4.3M in total as of 27 August 2026, within a range of $3.5M to $5.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GRAHAM 186-187 (ALLOC-E) is a fraction of it. The estimate fits an Arps decline curve to the production GRAHAM 186-187 (ALLOC-E) has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GRAHAM 186-187 (ALLOC-E) is an estimate of value, not an offer and not an appraisal.
How much income does GRAHAM 186-187 (ALLOC-E) generate in a year?: GRAHAM 186-187 (ALLOC-E) is forecast to net about $711K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GRAHAM 186-187 (ALLOC-E) receives a fraction of that, set by the decimal interest printed on their check stub.

Lease record

GRAHAM 186-187 (ALLOC-E) as filed with the Railroad Commission of Texas
Operator	Vital Energy, Inc.
Field	Spraberry (Trend Area)
County	Reagan County, Texas
RRC district	7C
Lease number	295522
Wellbores	1
Reported production	1,062,367 mcf
First reported	July 2023
Last reported	August 2026
Estimated royalty value	$4.3M

Where GRAHAM 186-187 (ALLOC-E) sits

Source: Railroad Commission of Texas lease production records, complete through August 2026. Figures on this page were computed on 27 August 2026.

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.