WIZ
WIZ is a Texas gas lease in Jack County, Railroad Commission district 09, operated by 3-R Production, Inc. It has 1 wellbore on file with the Commission. Reported production runs from October 2003 to August 2026, totalling 47,284 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 $116K, with roughly $20K 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 145 thousand cubic feet a month. Its strongest month on the record we hold was April 2022, at 760 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 WIZ
- Who operates WIZ?
- WIZ is operated by 3-R Production, Inc., Railroad Commission of Texas operator number 953744.
- Where is WIZ?
- WIZ is a Texas gas lease in Jack County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 198073.
- Is WIZ still producing?
- WIZ is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WIZ is August 2026.
- How much has WIZ produced?
- WIZ has reported 47,284 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between October 2003 and August 2026, from 1 wellbore.
- How much is WIZ worth?
- The remaining production from WIZ is estimated to be worth about $116K in total as of 26 August 2026, within a range of $91K to $142K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WIZ is a fraction of it. The estimate fits an Arps decline curve to the production WIZ has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WIZ is an estimate of value, not an offer and not an appraisal.
- How much income does WIZ generate in a year?
- WIZ is forecast to net about $20K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WIZ receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | 3-R Production, Inc. |
|---|---|
| Field | JMG Mag (Miss) |
| County | Jack County, Texas |
| RRC district | 09 |
| Lease number | 198073 |
| Wellbores | 1 |
| Reported production | 47,284 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $116K |
Where WIZ 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.