JOANN
JOANN is a Texas oil lease in Borden County, Railroad Commission district 8A, operated by Texas Energy Sources, Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 21,899 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 $302K, with roughly $58K 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 68 barrels a month. Its strongest month on the record we hold was August 2025, at 147 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 JOANN
- Who operates JOANN?
- JOANN is operated by Texas Energy Sources, Inc., Railroad Commission of Texas operator number 845825.
- Where is JOANN?
- JOANN is a Texas oil lease in Borden County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 64823.
- Is JOANN still producing?
- JOANN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JOANN is August 2026.
- How much has JOANN produced?
- JOANN has reported 21,899 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is JOANN worth?
- The remaining production from JOANN is estimated to be worth about $302K in total as of 27 August 2026, within a range of $166K to $438K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JOANN is a fraction of it. The estimate fits an Arps decline curve to the production JOANN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JOANN is an estimate of value, not an offer and not an appraisal.
- How much income does JOANN generate in a year?
- JOANN is forecast to net about $58K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in JOANN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Texas Energy Sources, Inc. |
|---|---|
| Field | Garner (Clear Fork) |
| County | Borden County, Texas |
| RRC district | 8A |
| Lease number | 64823 |
| Wellbores | 1 |
| Reported production | 21,899 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $302K |
Where JOANN 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.