JONES, EDGAR E. "A"

JONES, EDGAR E. "A" is a Texas oil lease in Gaines County, Railroad Commission district 8A, operated by Texland Petroleum, L.P. It has 2 wellbores on file with the Commission. Reported production runs from September 2010 to August 2026, totalling 14,629 barrels. The lease is intermittent. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values a standard royalty share at about $658, with roughly $127 expected over the next twelve months. Over the last twelve months on file it averaged 4 barrels a month, about 2 per wellbore. Its strongest month on the record we hold was November 2017, at 220 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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.

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.