JOINT
JOINT is a Texas oil lease in Clay County, Railroad Commission district 09, operated by Muirfield Exploration, Ltd. It has 7 wellbores on file with the Commission. Reported production runs from July 1993 to August 2026, totalling 55,866 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 $75K, with roughly $14K 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 23 barrels a month, about 3 per wellbore. Its strongest month on the record we hold was December 2018, at 70 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 JOINT
- Who operates JOINT?
- JOINT is operated by Muirfield Exploration, Ltd., Railroad Commission of Texas operator number 593025.
- Where is JOINT?
- JOINT is a Texas oil lease in Clay County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 28613.
- Is JOINT still producing?
- JOINT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JOINT is August 2026.
- How much has JOINT produced?
- JOINT has reported 55,866 barrels of oil (bbl) to the Railroad Commission of Texas between July 1993 and August 2026, from 7 wellbores.
- How much is JOINT worth?
- The remaining production from JOINT is estimated to be worth about $75K in total as of 26 August 2026, within a range of $41K to $109K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JOINT is a fraction of it. The estimate fits an Arps decline curve to the production JOINT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JOINT is an estimate of value, not an offer and not an appraisal.
- How much income does JOINT generate in a year?
- JOINT is forecast to net about $14K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in JOINT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Muirfield Exploration, Ltd. |
|---|---|
| Field | Thornberry, South (Permian) |
| County | Clay County, Texas |
| RRC district | 09 |
| Lease number | 28613 |
| Wellbores | 7 |
| Reported production | 55,866 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $75K |
Where JOINT 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.