JOY A
JOY A is a Texas oil lease in Martin County, Railroad Commission district 08, operated by R K Petroleum Corp. It has 4 wellbores on file with the Commission. Reported production runs from June 2014 to August 2026, totalling 178,316 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 $905K, with roughly $174K 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 234 barrels a month, about 58 per wellbore. Its strongest month on the record we hold was May 2016, at 4,160 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 JOY A
- Who operates JOY A?
- JOY A is operated by R K Petroleum Corp., Railroad Commission of Texas operator number 687130.
- Where is JOY A?
- JOY A is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 45830.
- Is JOY A still producing?
- JOY A is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JOY A is August 2026.
- How much has JOY A produced?
- JOY A has reported 178,316 barrels of oil (bbl) to the Railroad Commission of Texas between June 2014 and August 2026, from 4 wellbores.
- How much is JOY A worth?
- The remaining production from JOY A is estimated to be worth about $905K in total as of 26 August 2026, within a range of $706K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JOY A is a fraction of it. The estimate fits an Arps decline curve to the production JOY A has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JOY A is an estimate of value, not an offer and not an appraisal.
- How much income does JOY A generate in a year?
- JOY A is forecast to net about $174K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in JOY A receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | R K Petroleum Corp. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 45830 |
| Wellbores | 4 |
| Reported production | 178,316 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $905K |
Where JOY A 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.