JUSTICE
JUSTICE is a Texas oil lease in Burleson County, Railroad Commission district 03, operated by Wildfire Energy Operating LLC. It has 1 wellbore on file with the Commission. Reported production runs from February 2026 to August 2026, totalling 124,611 barrels. The lease is intermittent. 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 $96.8M, with roughly $18.6M 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 24,591 barrels a month. Its strongest month on the record we hold was April 2026, at 48,064 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 JUSTICE
- Who operates JUSTICE?
- JUSTICE is operated by Wildfire Energy Operating LLC, Railroad Commission of Texas operator number 923444.
- Where is JUSTICE?
- JUSTICE is a Texas oil lease in Burleson County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 28273.
- Is JUSTICE still producing?
- JUSTICE is intermittent. The most recent month of production reported to the Railroad Commission of Texas for JUSTICE is August 2026.
- How much has JUSTICE produced?
- JUSTICE has reported 124,611 barrels of oil (bbl) to the Railroad Commission of Texas between February 2026 and August 2026, from 1 wellbore.
- How much is JUSTICE worth?
- The remaining production from JUSTICE is estimated to be worth about $96.8M in total as of 26 August 2026, within a range of $79.4M to $114.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JUSTICE is a fraction of it. The estimate fits an Arps decline curve to the production JUSTICE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JUSTICE is an estimate of value, not an offer and not an appraisal.
- How much income does JUSTICE generate in a year?
- JUSTICE is forecast to net about $18.6M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in JUSTICE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Wildfire Energy Operating LLC |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Burleson County, Texas |
| RRC district | 03 |
| Lease number | 28273 |
| Wellbores | 1 |
| Reported production | 124,611 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $96.8M |
Where JUSTICE 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.