AGEE, J. N. WATERFLOOD UNIT
AGEE, J. N. WATERFLOOD UNIT is a Texas oil lease in Montague County, Railroad Commission district 09, operated by Awesome Oil. It has 5 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 14,902 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 $9K, with roughly $2K 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 5 barrels a month, about 1 per wellbore. Its strongest month on the record we hold was April 2020, at 50 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.
Key facts about AGEE, J. N. WATERFLOOD UNIT
- Who operates AGEE, J. N. WATERFLOOD UNIT?
- AGEE, J. N. WATERFLOOD UNIT is operated by Awesome Oil, Railroad Commission of Texas operator number 038885.
- Where is AGEE, J. N. WATERFLOOD UNIT?
- AGEE, J. N. WATERFLOOD UNIT is a Texas oil lease in Montague County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 12962.
- Is AGEE, J. N. WATERFLOOD UNIT still producing?
- AGEE, J. N. WATERFLOOD UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for AGEE, J. N. WATERFLOOD UNIT is August 2026.
- How much has AGEE, J. N. WATERFLOOD UNIT produced?
- AGEE, J. N. WATERFLOOD UNIT has reported 14,902 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 5 wellbores.
- How much is AGEE, J. N. WATERFLOOD UNIT worth?
- The remaining production from AGEE, J. N. WATERFLOOD UNIT is estimated to be worth about $9K in total as of 26 August 2026, within a range of $0 to $18K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in AGEE, J. N. WATERFLOOD UNIT is a fraction of it. The estimate fits an Arps decline curve to the production AGEE, J. N. WATERFLOOD UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for AGEE, J. N. WATERFLOOD UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does AGEE, J. N. WATERFLOOD UNIT generate in a year?
- AGEE, J. N. WATERFLOOD UNIT is forecast to net about $2K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in AGEE, J. N. WATERFLOOD UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Awesome Oil |
|---|---|
| Field | Montague County Regular |
| County | Montague County, Texas |
| RRC district | 09 |
| Lease number | 12962 |
| Wellbores | 5 |
| Reported production | 14,902 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $9K |
Where AGEE, J. N. WATERFLOOD UNIT 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.