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 February 2018 to August 2026, totalling 775,739 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 $230K, with roughly $189K 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 1,156 barrels a month, about 385 per wellbore. Its strongest month on the record we hold was March 2018, at 65,746 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 19915.
- 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 775,739 barrels of oil (bbl) to the Railroad Commission of Texas between February 2018 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 $230K in total as of 27 August 2026, within a range of $191K to $269K. 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 $189K 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 | 19915 |
| Wellbores | 3 |
| Reported production | 775,739 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $230K |
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.