RICHARDSON, J. T.
RICHARDSON, J. T. is a Texas oil lease in Archer County, Railroad Commission district 09, operated by Palmer Tank Trucks, Inc. It has 29 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 108,194 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 $792K, with roughly $152K 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 186 barrels a month, about 6 per wellbore. Its strongest month on the record we hold was September 2016, at 520 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 RICHARDSON, J. T.
- Who operates RICHARDSON, J. T.?
- RICHARDSON, J. T. is operated by Palmer Tank Trucks, Inc., Railroad Commission of Texas operator number 636495.
- Where is RICHARDSON, J. T.?
- RICHARDSON, J. T. is a Texas oil lease in Archer County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 00314.
- Is RICHARDSON, J. T. still producing?
- RICHARDSON, J. T. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RICHARDSON, J. T. is August 2026.
- How much has RICHARDSON, J. T. produced?
- RICHARDSON, J. T. has reported 108,194 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 29 wellbores.
- How much is RICHARDSON, J. T. worth?
- The remaining production from RICHARDSON, J. T. is estimated to be worth about $792K in total as of 27 August 2026, within a range of $618K to $967K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RICHARDSON, J. T. is a fraction of it. The estimate fits an Arps decline curve to the production RICHARDSON, J. T. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RICHARDSON, J. T. is an estimate of value, not an offer and not an appraisal.
- How much income does RICHARDSON, J. T. generate in a year?
- RICHARDSON, J. T. is forecast to net about $152K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in RICHARDSON, J. T. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Palmer Tank Trucks, Inc. |
|---|---|
| Field | Archer County Regular |
| County | Archer County, Texas |
| RRC district | 09 |
| Lease number | 00314 |
| Wellbores | 29 |
| Reported production | 108,194 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $792K |
Where RICHARDSON, J. T. 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.