BEAN, JOE
BEAN, JOE is a Texas gas lease in Crockett County, Railroad Commission district 7C, operated by Ozark Exploration, Inc. It has 1 wellbore on file with the Commission. Reported production runs from November 1997 to August 2026, totalling 193,564 thousand cubic feet. 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 $25K, with roughly $3K 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 162 thousand cubic feet a month. Its strongest month on the record we hold was March 2021, at 803 thousand cubic feet. 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 BEAN, JOE
- Who operates BEAN, JOE?
- BEAN, JOE is operated by Ozark Exploration, Inc., Railroad Commission of Texas operator number 630611.
- Where is BEAN, JOE?
- BEAN, JOE is a Texas gas lease in Crockett County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 165868.
- Is BEAN, JOE still producing?
- BEAN, JOE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BEAN, JOE is August 2026.
- How much has BEAN, JOE produced?
- BEAN, JOE has reported 193,564 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between November 1997 and August 2026, from 1 wellbore.
- How much is BEAN, JOE worth?
- The remaining production from BEAN, JOE is estimated to be worth about $25K in total as of 27 August 2026, within a range of $20K to $31K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BEAN, JOE is a fraction of it. The estimate fits an Arps decline curve to the production BEAN, JOE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BEAN, JOE is an estimate of value, not an offer and not an appraisal.
- How much income does BEAN, JOE generate in a year?
- BEAN, JOE is forecast to net about $3K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in BEAN, JOE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ozark Exploration, Inc. |
|---|---|
| Field | Ozona (Canyon Sand) |
| County | Crockett County, Texas |
| RRC district | 7C |
| Lease number | 165868 |
| Wellbores | 1 |
| Reported production | 193,564 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $25K |
Where BEAN, JOE 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.