MAYO, JOE UNIT #2
MAYO, JOE UNIT #2 is a Texas oil lease in Clay County, Railroad Commission district 09, operated by Spragins, Ed. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 91,658 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 $541K, with roughly $103K 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 133 barrels a month. Its strongest month on the record we hold was February 2019, at 308 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 MAYO, JOE UNIT #2
- Who operates MAYO, JOE UNIT #2?
- MAYO, JOE UNIT #2 is operated by Spragins, Ed, Railroad Commission of Texas operator number 810515.
- Where is MAYO, JOE UNIT #2?
- MAYO, JOE UNIT #2 is a Texas oil lease in Clay County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 22070.
- Is MAYO, JOE UNIT #2 still producing?
- MAYO, JOE UNIT #2 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MAYO, JOE UNIT #2 is August 2026.
- How much has MAYO, JOE UNIT #2 produced?
- MAYO, JOE UNIT #2 has reported 91,658 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is MAYO, JOE UNIT #2 worth?
- The remaining production from MAYO, JOE UNIT #2 is estimated to be worth about $541K in total as of 26 August 2026, within a range of $422K to $660K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MAYO, JOE UNIT #2 is a fraction of it. The estimate fits an Arps decline curve to the production MAYO, JOE UNIT #2 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MAYO, JOE UNIT #2 is an estimate of value, not an offer and not an appraisal.
- How much income does MAYO, JOE UNIT #2 generate in a year?
- MAYO, JOE UNIT #2 is forecast to net about $103K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MAYO, JOE UNIT #2 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Spragins, Ed |
|---|---|
| Field | Joy, N.W. (Marble Falls) |
| County | Clay County, Texas |
| RRC district | 09 |
| Lease number | 22070 |
| Wellbores | 1 |
| Reported production | 91,658 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $541K |
Where MAYO, JOE UNIT #2 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.