WEST JO-MILL UNIT
WEST JO-MILL UNIT is a Texas oil lease in Borden County, Railroad Commission district 8A, operated by Phillips Petroleum Company. It has 103 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 7,682,800 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 $17.4M, with roughly $5.0M 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 7,256 barrels a month, about 70 per wellbore. Its strongest month on the record we hold was May 2016, at 15,399 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 WEST JO-MILL UNIT
- Who operates WEST JO-MILL UNIT?
- WEST JO-MILL UNIT is operated by Phillips Petroleum Company, Railroad Commission of Texas operator number 663680.
- Where is WEST JO-MILL UNIT?
- WEST JO-MILL UNIT is a Texas oil lease in Borden County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 61062.
- Is WEST JO-MILL UNIT still producing?
- WEST JO-MILL UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WEST JO-MILL UNIT is August 2026.
- How much has WEST JO-MILL UNIT produced?
- WEST JO-MILL UNIT has reported 7,682,800 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 103 wellbores.
- How much is WEST JO-MILL UNIT worth?
- The remaining production from WEST JO-MILL UNIT is estimated to be worth about $17.4M in total as of 27 August 2026, within a range of $14.4M to $20.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WEST JO-MILL UNIT is a fraction of it. The estimate fits an Arps decline curve to the production WEST JO-MILL UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WEST JO-MILL UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does WEST JO-MILL UNIT generate in a year?
- WEST JO-MILL UNIT is forecast to net about $5.0M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in WEST JO-MILL UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Phillips Petroleum Company |
|---|---|
| Field | Jo-Mill (Spraberry) |
| County | Borden County, Texas |
| RRC district | 8A |
| Lease number | 61062 |
| Wellbores | 103 |
| Reported production | 7,682,800 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $17.4M |
Where WEST JO-MILL 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.