JONES, LETA
JONES, LETA is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Kimbell Oil Company Of Texas. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 89,259 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 $673K, with roughly $130K 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 166 barrels a month. Its strongest month on the record we hold was December 2019, at 435 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, LETA
- Who operates JONES, LETA?
- JONES, LETA is operated by Kimbell Oil Company Of Texas, Railroad Commission of Texas operator number 461810.
- Where is JONES, LETA?
- JONES, LETA is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 12915.
- Is JONES, LETA still producing?
- JONES, LETA is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JONES, LETA is August 2026.
- How much has JONES, LETA produced?
- JONES, LETA has reported 89,259 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is JONES, LETA worth?
- The remaining production from JONES, LETA is estimated to be worth about $673K in total as of 27 August 2026, within a range of $525K to $822K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JONES, LETA is a fraction of it. The estimate fits an Arps decline curve to the production JONES, LETA has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JONES, LETA is an estimate of value, not an offer and not an appraisal.
- How much income does JONES, LETA generate in a year?
- JONES, LETA is forecast to net about $130K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in JONES, LETA receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Kimbell Oil Company Of Texas |
|---|---|
| Field | Fuhrman (Glorieta) |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 12915 |
| Wellbores | 1 |
| Reported production | 89,259 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $673K |
Where JONES, LETA 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.