FARMER 53
FARMER 53 is a Texas oil lease in Jones County, Railroad Commission district 7B, operated by Sojourner Drilling Corporation. It has 1 wellbore on file with the Commission. Reported production runs from July 2020 to August 2026, totalling 14,672 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 $312K, with roughly $60K 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 89 barrels a month. Its strongest month on the record we hold was July 2021, at 443 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 FARMER 53
- Who operates FARMER 53?
- FARMER 53 is operated by Sojourner Drilling Corporation, Railroad Commission of Texas operator number 800750.
- Where is FARMER 53?
- FARMER 53 is a Texas oil lease in Jones County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 32459.
- Is FARMER 53 still producing?
- FARMER 53 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FARMER 53 is August 2026.
- How much has FARMER 53 produced?
- FARMER 53 has reported 14,672 barrels of oil (bbl) to the Railroad Commission of Texas between July 2020 and August 2026, from 1 wellbore.
- How much is FARMER 53 worth?
- The remaining production from FARMER 53 is estimated to be worth about $312K in total as of 26 August 2026, within a range of $172K to $453K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FARMER 53 is a fraction of it. The estimate fits an Arps decline curve to the production FARMER 53 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FARMER 53 is an estimate of value, not an offer and not an appraisal.
- How much income does FARMER 53 generate in a year?
- FARMER 53 is forecast to net about $60K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in FARMER 53 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Sojourner Drilling Corporation |
|---|---|
| Field | Noodle, NW. (Noodle Creek) |
| County | Jones County, Texas |
| RRC district | 7B |
| Lease number | 32459 |
| Wellbores | 1 |
| Reported production | 14,672 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $312K |
Where FARMER 53 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.