<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0603</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001469039</cik>
        <entityName>Comanche Ranch #1 Joint Venture</entityName>
        <issuerAddress>
            <street1>1848 NORWOOD PLAZA, SUITE 109</street1>
            <city>HURST</city>
            <stateOrCountry>TX</stateOrCountry>
            <zipCode>76054</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>888-277-0110</issuerPhoneNumber>
        <jurisdictionOfInc>TEXAS</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Other</entityType>
        <entityTypeOtherDesc>Joint Venture partnership</entityTypeOtherDesc>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2009</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Bret</firstName>
                <lastName>Boteler</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1848 Norwood Plaza, Suite 109</street1>
                <city>Hurst</city>
                <stateOrCountry>TX</stateOrCountry>
                <zipCode>76054</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Steve</firstName>
                <lastName>Rackley</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1848 Norwood Plaza, Suite 109</street1>
                <city>Hurst</city>
                <stateOrCountry>TX</stateOrCountry>
                <zipCode>76054</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Jerry</firstName>
                <lastName>Lee</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1848 Norwood Plaza, Suite 109</street1>
                <city>Hurst</city>
                <stateOrCountry>TX</stateOrCountry>
                <zipCode>76054</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Matt</firstName>
                <lastName>Wolcott</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1848 Norwood Plaza, Suite 109</street1>
                <city>Hurst</city>
                <stateOrCountry>TX</stateOrCountry>
                <zipCode>76054</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Andrew</firstName>
                <lastName>Schenck</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1848 Norwood Plaza, Suite 109</street1>
                <city>Hurst</city>
                <stateOrCountry>TX</stateOrCountry>
                <zipCode>76054</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Brandon</firstName>
                <lastName>Kitchens</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1848 Norwood Plaza, Suite 109</street1>
                <city>Hurst</city>
                <stateOrCountry>TX</stateOrCountry>
                <zipCode>76054</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>David</firstName>
                <lastName>Bollenbacher</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1848 Norwood Plaza, Suite 109</street1>
                <city>Hurst</city>
                <stateOrCountry>TX</stateOrCountry>
                <zipCode>76054</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Brandon</firstName>
                <lastName>Owen</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1848 Norwood Plaza, Suite 109</street1>
                <city>Hurst</city>
                <stateOrCountry>TX</stateOrCountry>
                <zipCode>76054</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Oil and Gas</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>No Revenues</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>0001469039-09-000001</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2009-07-17</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isOtherType>true</isOtherType>
            <descriptionOfOtherType>joint venture interests</descriptionOfOtherType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>11250</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>Chris Madrid</recipientName>
                <recipientCRDNumber>4598127</recipientCRDNumber>
                <associatedBDName>4G Financial Inc</associatedBDName>
                <associatedBDCRDNumber>15904</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>18111 PRESTON RD SUITE 100</street1>
                    <city>Dallas</city>
                    <stateOrCountry>TX</stateOrCountry>
                    <zipCode>75252</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>AZ</state>
                    <state>CA</state>
                    <state>CT</state>
                    <state>FL</state>
                    <state>HI</state>
                    <state>ID</state>
                    <state>IA</state>
                    <state>MA</state>
                    <state>MI</state>
                    <state>MO</state>
                    <state>NV</state>
                    <state>NM</state>
                    <state>NY</state>
                    <state>OK</state>
                    <state>TX</state>
                    <state>UT</state>
                    <state>WA</state>
                    <state>WI</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Justin Hill</recipientName>
                <recipientCRDNumber>5325337</recipientCRDNumber>
                <associatedBDName>4G Financial Inc</associatedBDName>
                <associatedBDCRDNumber>15904</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>18111 PRESTON RD SUITE 100</street1>
                    <city>Dallas</city>
                    <stateOrCountry>TX</stateOrCountry>
                    <zipCode>75252</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>AZ</state>
                    <state>CA</state>
                    <state>CO</state>
                    <state>CT</state>
                    <state>FL</state>
                    <state>GA</state>
                    <state>IL</state>
                    <state>LA</state>
                    <state>MA</state>
                    <state>MI</state>
                    <state>MN</state>
                    <state>NJ</state>
                    <state>NM</state>
                    <state>NY</state>
                    <state>NC</state>
                    <state>OH</state>
                    <state>OK</state>
                    <state>TX</state>
                    <state>VA</state>
                    <state>WA</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Matt Nicholas</recipientName>
                <recipientCRDNumber>5440814</recipientCRDNumber>
                <associatedBDName>4G Financial Inc</associatedBDName>
                <associatedBDCRDNumber>15904</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>18111 PRESTON RD SUITE 100</street1>
                    <city>Dallas</city>
                    <stateOrCountry>TX</stateOrCountry>
                    <zipCode>75252</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>AZ</state>
                    <state>CA</state>
                    <state>CO</state>
                    <state>CT</state>
                    <state>FL</state>
                    <state>GA</state>
                    <state>IL</state>
                    <state>MA</state>
                    <state>MI</state>
                    <state>MN</state>
                    <state>NV</state>
                    <state>NJ</state>
                    <state>NY</state>
                    <state>NC</state>
                    <state>OH</state>
                    <state>OK</state>
                    <state>TX</state>
                    <state>VA</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Kevin Peoples</recipientName>
                <recipientCRDNumber>5494676</recipientCRDNumber>
                <associatedBDName>4G Financial Inc</associatedBDName>
                <associatedBDCRDNumber>15904</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>18111 PRESTON RD SUITE 100</street1>
                    <city>Dallas</city>
                    <stateOrCountry>TX</stateOrCountry>
                    <zipCode>75252</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <state>FL</state>
                    <state>GA</state>
                    <state>IN</state>
                    <state>NV</state>
                    <state>NY</state>
                    <state>OH</state>
                    <state>OK</state>
                    <state>TX</state>
                    <state>UT</state>
                    <state>VA</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Dirk Williams</recipientName>
                <recipientCRDNumber>5634525</recipientCRDNumber>
                <associatedBDName>4G Financial Inc</associatedBDName>
                <associatedBDCRDNumber>15904</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>18111 PRESTON RD SUITE 100</street1>
                    <city>Dallas</city>
                    <stateOrCountry>TX</stateOrCountry>
                    <zipCode>75252</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>FL</state>
                    <state>NY</state>
                    <state>TX</state>
                    <state>UT</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Michael Lucia</recipientName>
                <recipientCRDNumber>4731629</recipientCRDNumber>
                <associatedBDName>4G Financial</associatedBDName>
                <associatedBDCRDNumber>15904</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>18111 PRESTON RD SUITE 100</street1>
                    <city>Dallas</city>
                    <stateOrCountry>TX</stateOrCountry>
                    <zipCode>75252</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>AZ</state>
                    <state>CA</state>
                    <state>NY</state>
                    <state>OK</state>
                    <state>TX</state>
                </statesOfSolicitationList>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>1800000</totalOfferingAmount>
            <totalAmountSold>180000</totalAmountSold>
            <totalRemaining>1620000</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>true</hasNonAccreditedInvestors>
            <numberNonAccreditedInvestors>0</numberNonAccreditedInvestors>
            <totalNumberAlreadyInvested>8</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>270000</dollarAmount>
                <isEstimate>true</isEstimate>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse>Joint Venture interests will also be sold by officers of the Issuer who will not be paid commission or compensation in connection with the sales.</clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse>Certain proceeds may be paid to third party entities with common officers.</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Comanche Ranch #1 Joint Venture</issuerName>
                <signatureName>Bret Boteler</signatureName>
                <nameOfSigner>Bret Boteler</nameOfSigner>
                <signatureTitle>President</signatureTitle>
                <signatureDate>2009-10-15</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
