JONES ESTATE
JONES ESTATE is a Texas oil lease in Gaines County, Railroad Commission district 8A, operated by Whiting Oil And Gas Corporation. It has 1 wellbore on file with the Commission. Reported production runs from November 2005 to August 2026, totalling 47,969 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 $491K, with roughly $94K 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 134 barrels a month. Its strongest month on the record we hold was November 2020, at 241 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 JONES ESTATE
- Who operates JONES ESTATE?
- JONES ESTATE is operated by Whiting Oil And Gas Corporation, Railroad Commission of Texas operator number 920478.
- Where is JONES ESTATE?
- JONES ESTATE is a Texas oil lease in Gaines County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 68917.
- Is JONES ESTATE still producing?
- JONES ESTATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JONES ESTATE is August 2026.
- How much has JONES ESTATE produced?
- JONES ESTATE has reported 47,969 barrels of oil (bbl) to the Railroad Commission of Texas between November 2005 and August 2026, from 1 wellbore.
- How much is JONES ESTATE worth?
- The remaining production from JONES ESTATE is estimated to be worth about $491K in total as of 26 August 2026, within a range of $383K to $599K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JONES ESTATE is a fraction of it. The estimate fits an Arps decline curve to the production JONES ESTATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JONES ESTATE is an estimate of value, not an offer and not an appraisal.
- How much income does JONES ESTATE generate in a year?
- JONES ESTATE is forecast to net about $94K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in JONES ESTATE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Whiting Oil And Gas Corporation |
|---|---|
| Field | Russell (Clearfork Consolidated |
| County | Gaines County, Texas |
| RRC district | 8A |
| Lease number | 68917 |
| Wellbores | 1 |
| Reported production | 47,969 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $491K |
Where JONES ESTATE 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.