JENNINGS, JOE
JENNINGS, JOE is a Texas oil lease in Hockley County, Railroad Commission district 8A, operated by Great Western Drilling Company. It has 7 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 519,525 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 $2.2M, with roughly $539K 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 745 barrels a month, about 106 per wellbore. Its strongest month on the record we hold was September 2022, at 1,274 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 JENNINGS, JOE
- Who operates JENNINGS, JOE?
- JENNINGS, JOE is operated by Great Western Drilling Company, Railroad Commission of Texas operator number 328780.
- Where is JENNINGS, JOE?
- JENNINGS, JOE is a Texas oil lease in Hockley County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 03632.
- Is JENNINGS, JOE still producing?
- JENNINGS, JOE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JENNINGS, JOE is August 2026.
- How much has JENNINGS, JOE produced?
- JENNINGS, JOE has reported 519,525 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 7 wellbores.
- How much is JENNINGS, JOE worth?
- The remaining production from JENNINGS, JOE is estimated to be worth about $2.2M in total as of 26 August 2026, within a range of $1.7M to $2.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JENNINGS, JOE is a fraction of it. The estimate fits an Arps decline curve to the production JENNINGS, JOE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JENNINGS, JOE is an estimate of value, not an offer and not an appraisal.
- How much income does JENNINGS, JOE generate in a year?
- JENNINGS, JOE is forecast to net about $539K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in JENNINGS, JOE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Great Western Drilling Company |
|---|---|
| Field | Levelland |
| County | Hockley County, Texas |
| RRC district | 8A |
| Lease number | 03632 |
| Wellbores | 7 |
| Reported production | 519,525 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.2M |
Where JENNINGS, JOE 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.