LEA, P. J.
LEA, P. J. is a Texas oil lease in Crane County, Railroad Commission district 08, operated by Mike Oil LLC. It has 10 wellbores on file with the Commission. Reported production runs from December 2023 to August 2026, totalling 3,533 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 $195K, with roughly $38K 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 54 barrels a month, about 5 per wellbore. Its strongest month on the record we hold was January 2025, at 372 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 LEA, P. J.
- Who operates LEA, P. J.?
- LEA, P. J. is operated by Mike Oil LLC, Railroad Commission of Texas operator number 566777.
- Where is LEA, P. J.?
- LEA, P. J. is a Texas oil lease in Crane County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 60207.
- Is LEA, P. J. still producing?
- LEA, P. J. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LEA, P. J. is August 2026.
- How much has LEA, P. J. produced?
- LEA, P. J. has reported 3,533 barrels of oil (bbl) to the Railroad Commission of Texas between December 2023 and August 2026, from 10 wellbores.
- How much is LEA, P. J. worth?
- The remaining production from LEA, P. J. is estimated to be worth about $195K in total as of 26 August 2026, within a range of $107K to $283K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LEA, P. J. is a fraction of it. The estimate fits an Arps decline curve to the production LEA, P. J. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LEA, P. J. is an estimate of value, not an offer and not an appraisal.
- How much income does LEA, P. J. generate in a year?
- LEA, P. J. is forecast to net about $38K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LEA, P. J. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mike Oil LLC |
|---|---|
| Field | Lea (Consolidated) |
| County | Crane County, Texas |
| RRC district | 08 |
| Lease number | 60207 |
| Wellbores | 10 |
| Reported production | 3,533 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $195K |
Where LEA, P. J. 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.