MURPHREE, J. J. 31
MURPHREE, J. J. 31 is a Texas oil lease in Van Zandt County, Railroad Commission district 05, operated by Union Oil Company Of California. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 202,660 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 $1.2M, with roughly $279K 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 401 barrels a month, about 134 per wellbore. Its strongest month on the record we hold was December 2018, at 718 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 MURPHREE, J. J. 31
- Who operates MURPHREE, J. J. 31?
- MURPHREE, J. J. 31 is operated by Union Oil Company Of California, Railroad Commission of Texas operator number 876520.
- Where is MURPHREE, J. J. 31?
- MURPHREE, J. J. 31 is a Texas oil lease in Van Zandt County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 01182.
- Is MURPHREE, J. J. 31 still producing?
- MURPHREE, J. J. 31 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MURPHREE, J. J. 31 is August 2026.
- How much has MURPHREE, J. J. 31 produced?
- MURPHREE, J. J. 31 has reported 202,660 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is MURPHREE, J. J. 31 worth?
- The remaining production from MURPHREE, J. J. 31 is estimated to be worth about $1.2M in total as of 26 August 2026, within a range of $961K to $1.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MURPHREE, J. J. 31 is a fraction of it. The estimate fits an Arps decline curve to the production MURPHREE, J. J. 31 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MURPHREE, J. J. 31 is an estimate of value, not an offer and not an appraisal.
- How much income does MURPHREE, J. J. 31 generate in a year?
- MURPHREE, J. J. 31 is forecast to net about $279K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MURPHREE, J. J. 31 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Union Oil Company Of California |
|---|---|
| Field | Van |
| County | Van Zandt County, Texas |
| RRC district | 05 |
| Lease number | 01182 |
| Wellbores | 3 |
| Reported production | 202,660 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.2M |
Where MURPHREE, J. J. 31 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.