PACE & STRANGE
PACE & STRANGE is a Texas oil lease in Young County, Railroad Commission district 09, operated by Remington Oil. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 119,476 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 $981K, with roughly $222K 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 322 barrels a month, about 161 per wellbore. Its strongest month on the record we hold was April 2018, at 624 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 & STRANGE
- Who operates PACE & STRANGE?
- PACE & STRANGE is operated by Remington Oil, Railroad Commission of Texas operator number 701397.
- Where is PACE & STRANGE?
- PACE & STRANGE is a Texas oil lease in Young County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 07962.
- Is PACE & STRANGE still producing?
- PACE & STRANGE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PACE & STRANGE is August 2026.
- How much has PACE & STRANGE produced?
- PACE & STRANGE has reported 119,476 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is PACE & STRANGE worth?
- The remaining production from PACE & STRANGE is estimated to be worth about $981K in total as of 26 August 2026, within a range of $765K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PACE & STRANGE is a fraction of it. The estimate fits an Arps decline curve to the production PACE & STRANGE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PACE & STRANGE is an estimate of value, not an offer and not an appraisal.
- How much income does PACE & STRANGE generate in a year?
- PACE & STRANGE is forecast to net about $222K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PACE & STRANGE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Remington Oil |
|---|---|
| Field | Langston-Kleiner (Strawn) |
| County | Young County, Texas |
| RRC district | 09 |
| Lease number | 07962 |
| Wellbores | 2 |
| Reported production | 119,476 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $981K |
Where PACE & STRANGE 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.