JOSHUA 32-51 F
JOSHUA 32-51 F is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Henry Resources LLC. It has 1 wellbore on file with the Commission. Reported production runs from February 2022 to August 2026, totalling 274,256 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 $2.3M, with roughly $1.0M 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 1,529 barrels a month. Its strongest month on the record we hold was June 2022, at 22,540 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 JOSHUA 32-51 F
- Who operates JOSHUA 32-51 F?
- JOSHUA 32-51 F is operated by Henry Resources LLC, Railroad Commission of Texas operator number 378535.
- Where is JOSHUA 32-51 F?
- JOSHUA 32-51 F is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 21611.
- Is JOSHUA 32-51 F still producing?
- JOSHUA 32-51 F is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JOSHUA 32-51 F is August 2026.
- How much has JOSHUA 32-51 F produced?
- JOSHUA 32-51 F has reported 274,256 barrels of oil (bbl) to the Railroad Commission of Texas between February 2022 and August 2026, from 1 wellbore.
- How much is JOSHUA 32-51 F worth?
- The remaining production from JOSHUA 32-51 F is estimated to be worth about $2.3M in total as of 26 August 2026, within a range of $1.9M to $2.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JOSHUA 32-51 F is a fraction of it. The estimate fits an Arps decline curve to the production JOSHUA 32-51 F has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JOSHUA 32-51 F is an estimate of value, not an offer and not an appraisal.
- How much income does JOSHUA 32-51 F generate in a year?
- JOSHUA 32-51 F is forecast to net about $1.0M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in JOSHUA 32-51 F receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Henry Resources LLC |
|---|---|
| Field | Spraberry (Trend Area) R 40 Exc |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 21611 |
| Wellbores | 1 |
| Reported production | 274,256 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.3M |
Where JOSHUA 32-51 F 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.