GRACE 45-1
GRACE 45-1 is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Parsley Energy Operations, LLC. It has 3 wellbores on file with the Commission. Reported production runs from October 2016 to August 2026, totalling 1,002,343 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 $1.3M, with roughly $645K 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 1,188 barrels a month, about 396 per wellbore. Its strongest month on the record we hold was November 2016, at 81,044 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 GRACE 45-1
- Who operates GRACE 45-1?
- GRACE 45-1 is operated by Parsley Energy Operations, LLC, Railroad Commission of Texas operator number 642652.
- Where is GRACE 45-1?
- GRACE 45-1 is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 19461.
- Is GRACE 45-1 still producing?
- GRACE 45-1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GRACE 45-1 is August 2026.
- How much has GRACE 45-1 produced?
- GRACE 45-1 has reported 1,002,343 barrels of oil (bbl) to the Railroad Commission of Texas between October 2016 and August 2026, from 3 wellbores.
- How much is GRACE 45-1 worth?
- The remaining production from GRACE 45-1 is estimated to be worth about $1.3M in total as of 27 August 2026, within a range of $1.1M to $1.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GRACE 45-1 is a fraction of it. The estimate fits an Arps decline curve to the production GRACE 45-1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GRACE 45-1 is an estimate of value, not an offer and not an appraisal.
- How much income does GRACE 45-1 generate in a year?
- GRACE 45-1 is forecast to net about $645K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GRACE 45-1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Parsley Energy Operations, LLC |
|---|---|
| Field | Spraberry (Trend Area) R 40 Exc |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 19461 |
| Wellbores | 3 |
| Reported production | 1,002,343 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.3M |
Where GRACE 45-1 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.