JW 16
JW 16 is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Discovery Operating, Inc. It has 8 wellbores on file with the Commission. Reported production runs from July 2006 to August 2026, totalling 473,987 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 $3.7M, with roughly $995K 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 1,387 barrels a month, about 173 per wellbore. Its strongest month on the record we hold was January 2017, at 4,415 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 JW 16
- Who operates JW 16?
- JW 16 is operated by Discovery Operating, Inc., Railroad Commission of Texas operator number 220865.
- Where is JW 16?
- JW 16 is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 37855.
- Is JW 16 still producing?
- JW 16 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JW 16 is August 2026.
- How much has JW 16 produced?
- JW 16 has reported 473,987 barrels of oil (bbl) to the Railroad Commission of Texas between July 2006 and August 2026, from 8 wellbores.
- How much is JW 16 worth?
- The remaining production from JW 16 is estimated to be worth about $3.7M in total as of 27 August 2026, within a range of $3.1M to $4.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JW 16 is a fraction of it. The estimate fits an Arps decline curve to the production JW 16 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JW 16 is an estimate of value, not an offer and not an appraisal.
- How much income does JW 16 generate in a year?
- JW 16 is forecast to net about $995K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in JW 16 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Discovery Operating, Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 37855 |
| Wellbores | 8 |
| Reported production | 473,987 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.7M |
Where JW 16 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.