POTEET 60
POTEET 60 is a Texas oil lease in Crane County, Railroad Commission district 08, operated by CJRW Oil & Gas. It has 2 wellbores on file with the Commission. Reported production runs from December 2023 to August 2026, totalling 5,289 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 $848K, with roughly $163K 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 229 barrels a month, about 114 per wellbore. Its strongest month on the record we hold was July 2025, at 364 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 POTEET 60
- Who operates POTEET 60?
- POTEET 60 is operated by CJRW Oil & Gas, Railroad Commission of Texas operator number 120503.
- Where is POTEET 60?
- POTEET 60 is a Texas oil lease in Crane County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 60364.
- Is POTEET 60 still producing?
- POTEET 60 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for POTEET 60 is August 2026.
- How much has POTEET 60 produced?
- POTEET 60 has reported 5,289 barrels of oil (bbl) to the Railroad Commission of Texas between December 2023 and August 2026, from 2 wellbores.
- How much is POTEET 60 worth?
- The remaining production from POTEET 60 is estimated to be worth about $848K in total as of 26 August 2026, within a range of $662K to $1.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in POTEET 60 is a fraction of it. The estimate fits an Arps decline curve to the production POTEET 60 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for POTEET 60 is an estimate of value, not an offer and not an appraisal.
- How much income does POTEET 60 generate in a year?
- POTEET 60 is forecast to net about $163K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in POTEET 60 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | CJRW Oil & Gas |
|---|---|
| Field | Lea (Consolidated) |
| County | Crane County, Texas |
| RRC district | 08 |
| Lease number | 60364 |
| Wellbores | 2 |
| Reported production | 5,289 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $848K |
Where POTEET 60 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.