PACE
PACE is a Texas oil lease in Wichita County, Railroad Commission district 09, operated by Staley, Jack C. It has 5 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 28,557 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 $638K, with roughly $123K 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 182 barrels a month, about 36 per wellbore. Its strongest month on the record we hold was January 2021, at 634 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
- Who operates PACE?
- PACE is operated by Staley, Jack C., Railroad Commission of Texas operator number 811220.
- Where is PACE?
- PACE is a Texas oil lease in Wichita County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 15528.
- Is PACE still producing?
- PACE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PACE is August 2026.
- How much has PACE produced?
- PACE has reported 28,557 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 5 wellbores.
- How much is PACE worth?
- The remaining production from PACE is estimated to be worth about $638K in total as of 26 August 2026, within a range of $498K to $778K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PACE is a fraction of it. The estimate fits an Arps decline curve to the production PACE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PACE is an estimate of value, not an offer and not an appraisal.
- How much income does PACE generate in a year?
- PACE is forecast to net about $123K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PACE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Staley, Jack C. |
|---|---|
| Field | K-M-A |
| County | Wichita County, Texas |
| RRC district | 09 |
| Lease number | 15528 |
| Wellbores | 5 |
| Reported production | 28,557 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $638K |
Where PACE 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.