KIRKLAND, P. J.
KIRKLAND, P. J. is a Texas oil lease in Wood County, Railroad Commission district 06, operated by Cross Timbers Operating Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 11,260 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 $133K, with roughly $26K 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 42 barrels a month. Its strongest month on the record we hold was April 2017, at 171 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 KIRKLAND, P. J.
- Who operates KIRKLAND, P. J.?
- KIRKLAND, P. J. is operated by Cross Timbers Operating Company, Railroad Commission of Texas operator number 190468.
- Where is KIRKLAND, P. J.?
- KIRKLAND, P. J. is a Texas oil lease in Wood County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 02751.
- Is KIRKLAND, P. J. still producing?
- KIRKLAND, P. J. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for KIRKLAND, P. J. is August 2026.
- How much has KIRKLAND, P. J. produced?
- KIRKLAND, P. J. has reported 11,260 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is KIRKLAND, P. J. worth?
- The remaining production from KIRKLAND, P. J. is estimated to be worth about $133K in total as of 27 August 2026, within a range of $73K to $193K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KIRKLAND, P. J. is a fraction of it. The estimate fits an Arps decline curve to the production KIRKLAND, P. J. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for KIRKLAND, P. J. is an estimate of value, not an offer and not an appraisal.
- How much income does KIRKLAND, P. J. generate in a year?
- KIRKLAND, P. J. is forecast to net about $26K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in KIRKLAND, P. J. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cross Timbers Operating Company |
|---|---|
| Field | Quitman (Sub-Clarksville) |
| County | Wood County, Texas |
| RRC district | 06 |
| Lease number | 02751 |
| Wellbores | 1 |
| Reported production | 11,260 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $133K |
Where KIRKLAND, P. J. 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.