PACE UNIT
PACE UNIT is a Texas oil lease in Stephens County, Railroad Commission district 7B, operated by Ridge Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 118,325 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 $636K, 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 265 barrels a month. Its strongest month on the record we hold was July 2016, at 631 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 PACE UNIT
- Who operates PACE UNIT?
- PACE UNIT is operated by Ridge Oil Company, Railroad Commission of Texas operator number 711100.
- Where is PACE UNIT?
- PACE UNIT is a Texas oil lease in Stephens County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 23338.
- Is PACE UNIT still producing?
- PACE UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PACE UNIT is August 2026.
- How much has PACE UNIT produced?
- PACE UNIT has reported 118,325 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is PACE UNIT worth?
- The remaining production from PACE UNIT is estimated to be worth about $636K in total as of 27 August 2026, within a range of $496K to $776K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PACE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production PACE UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PACE UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does PACE UNIT generate in a year?
- PACE UNIT is forecast to net about $185K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PACE UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ridge Oil Company |
|---|---|
| Field | Stephens County Regular |
| County | Stephens County, Texas |
| RRC district | 7B |
| Lease number | 23338 |
| Wellbores | 1 |
| Reported production | 118,325 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $636K |
Where PACE UNIT 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.