JOSEY, L.M.
JOSEY, L.M. is a Texas oil lease in Harris County, Railroad Commission district 03, operated by Midpar L.P. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 50,005 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 $4K, with roughly $691 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 1 barrels a month. Its strongest month on the record we hold was April 2017, at 11 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 JOSEY, L.M.
- Who operates JOSEY, L.M.?
- JOSEY, L.M. is operated by Midpar L.P., Railroad Commission of Texas operator number 565905.
- Where is JOSEY, L.M.?
- JOSEY, L.M. is a Texas oil lease in Harris County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 11149.
- Is JOSEY, L.M. still producing?
- JOSEY, L.M. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JOSEY, L.M. is August 2026.
- How much has JOSEY, L.M. produced?
- JOSEY, L.M. has reported 50,005 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is JOSEY, L.M. worth?
- The remaining production from JOSEY, L.M. is estimated to be worth about $4K in total as of 26 August 2026, within a range of $0 to $7K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JOSEY, L.M. is a fraction of it. The estimate fits an Arps decline curve to the production JOSEY, L.M. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JOSEY, L.M. is an estimate of value, not an offer and not an appraisal.
- How much income does JOSEY, L.M. generate in a year?
- JOSEY, L.M. is forecast to net about $691 across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in JOSEY, L.M. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Midpar L.P. |
|---|---|
| Field | Josey Ranch |
| County | Harris County, Texas |
| RRC district | 03 |
| Lease number | 11149 |
| Wellbores | 1 |
| Reported production | 50,005 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4K |
Where JOSEY, L.M. 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.