STARNES
STARNES is a Texas oil lease in Cooke County, Railroad Commission district 09, operated by Jones, L. E. Operating, Inc. It has 1 wellbore on file with the Commission. Reported production runs from August 2010 to August 2026, totalling 101,543 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 $1.1M, with roughly $243K 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 453 barrels a month. Its strongest month on the record we hold was December 2021, at 1,227 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 STARNES
- Who operates STARNES?
- STARNES is operated by Jones, L. E. Operating, Inc., Railroad Commission of Texas operator number 443122.
- Where is STARNES?
- STARNES is a Texas oil lease in Cooke County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 31707.
- Is STARNES still producing?
- STARNES is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STARNES is August 2026.
- How much has STARNES produced?
- STARNES has reported 101,543 barrels of oil (bbl) to the Railroad Commission of Texas between August 2010 and August 2026, from 1 wellbore.
- How much is STARNES worth?
- The remaining production from STARNES is estimated to be worth about $1.1M in total as of 26 August 2026, within a range of $836K to $1.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STARNES is a fraction of it. The estimate fits an Arps decline curve to the production STARNES has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STARNES is an estimate of value, not an offer and not an appraisal.
- How much income does STARNES generate in a year?
- STARNES is forecast to net about $243K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STARNES receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Jones, L. E. Operating, Inc. |
|---|---|
| Field | Sivells Bend |
| County | Cooke County, Texas |
| RRC district | 09 |
| Lease number | 31707 |
| Wellbores | 1 |
| Reported production | 101,543 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.1M |
Where STARNES 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.