JOLLY 21
JOLLY 21 is a Texas oil lease in Wheeler County, Railroad Commission district 10, operated by Qep Energy Company. It has 4 wellbores on file with the Commission. Reported production runs from October 2011 to August 2026, totalling 317,958 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 $953K, with roughly $153K 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 138 barrels a month, about 34 per wellbore. Its strongest month on the record we hold was March 2019, at 1,003 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 JOLLY 21
- Who operates JOLLY 21?
- JOLLY 21 is operated by Qep Energy Company, Railroad Commission of Texas operator number 684474.
- Where is JOLLY 21?
- JOLLY 21 is a Texas oil lease in Wheeler County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 08931.
- Is JOLLY 21 still producing?
- JOLLY 21 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JOLLY 21 is August 2026.
- How much has JOLLY 21 produced?
- JOLLY 21 has reported 317,958 barrels of oil (bbl) to the Railroad Commission of Texas between October 2011 and August 2026, from 4 wellbores.
- How much is JOLLY 21 worth?
- The remaining production from JOLLY 21 is estimated to be worth about $953K in total as of 27 August 2026, within a range of $743K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JOLLY 21 is a fraction of it. The estimate fits an Arps decline curve to the production JOLLY 21 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JOLLY 21 is an estimate of value, not an offer and not an appraisal.
- How much income does JOLLY 21 generate in a year?
- JOLLY 21 is forecast to net about $153K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in JOLLY 21 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Qep Energy Company |
|---|---|
| Field | Frye Ranch (Consolidated) |
| County | Wheeler County, Texas |
| RRC district | 10 |
| Lease number | 08931 |
| Wellbores | 4 |
| Reported production | 317,958 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $953K |
Where JOLLY 21 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.