EARNEST, J. R.
EARNEST, J. R. is a Texas oil lease in Dawson County, Railroad Commission district 8A, operated by Ard Drilling Company Inc. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 1,055,759 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 $4.7M, with roughly $1.2M 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 1,746 barrels a month, about 873 per wellbore. Its strongest month on the record we hold was January 2017, at 3,483 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 EARNEST, J. R.
- Who operates EARNEST, J. R.?
- EARNEST, J. R. is operated by Ard Drilling Company Inc., Railroad Commission of Texas operator number 029413.
- Where is EARNEST, J. R.?
- EARNEST, J. R. is a Texas oil lease in Dawson County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 15573.
- Is EARNEST, J. R. still producing?
- EARNEST, J. R. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for EARNEST, J. R. is August 2026.
- How much has EARNEST, J. R. produced?
- EARNEST, J. R. has reported 1,055,759 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is EARNEST, J. R. worth?
- The remaining production from EARNEST, J. R. is estimated to be worth about $4.7M in total as of 27 August 2026, within a range of $3.9M to $5.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in EARNEST, J. R. is a fraction of it. The estimate fits an Arps decline curve to the production EARNEST, J. R. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for EARNEST, J. R. is an estimate of value, not an offer and not an appraisal.
- How much income does EARNEST, J. R. generate in a year?
- EARNEST, J. R. is forecast to net about $1.2M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in EARNEST, J. R. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ard Drilling Company Inc. |
|---|---|
| Field | Wells (Devonian) |
| County | Dawson County, Texas |
| RRC district | 8A |
| Lease number | 15573 |
| Wellbores | 2 |
| Reported production | 1,055,759 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.7M |
Where EARNEST, J. R. 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.