JONES UNIT
JONES UNIT is a Texas oil lease in Knox County, Railroad Commission district 09, operated by Double M Petroproperties, Inc. It has 1 wellbore on file with the Commission. Reported production runs from June 2021 to August 2026, totalling 48,437 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 $1.3M, with roughly $345K 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 568 barrels a month. Its strongest month on the record we hold was February 2022, at 2,445 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 UNIT
- Who operates JONES UNIT?
- JONES UNIT is operated by Double M Petroproperties, Inc., Railroad Commission of Texas operator number 224867.
- Where is JONES UNIT?
- JONES UNIT is a Texas oil lease in Knox County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 34049.
- Is JONES UNIT still producing?
- JONES UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JONES UNIT is August 2026.
- How much has JONES UNIT produced?
- JONES UNIT has reported 48,437 barrels of oil (bbl) to the Railroad Commission of Texas between June 2021 and August 2026, from 1 wellbore.
- How much is JONES UNIT worth?
- The remaining production from JONES UNIT is estimated to be worth about $1.3M in total as of 26 August 2026, within a range of $1.0M to $1.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JONES UNIT is a fraction of it. The estimate fits an Arps decline curve to the production JONES UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JONES UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does JONES UNIT generate in a year?
- JONES UNIT is forecast to net about $345K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in JONES UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Double M Petroproperties, Inc. |
|---|---|
| Field | Aurelia |
| County | Knox County, Texas |
| RRC district | 09 |
| Lease number | 34049 |
| Wellbores | 1 |
| Reported production | 48,437 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.3M |
Where JONES 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.