JRED
JRED is a Texas oil lease in Dimmit County, Railroad Commission district 01, operated by Activa Resources, LLC. It has 2 wellbores on file with the Commission. Reported production runs from October 2018 to August 2026, totalling 201,725 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 $2.7M, with roughly $699K 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 1,007 barrels a month, about 503 per wellbore. Its strongest month on the record we hold was December 2018, at 8,579 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 JRED
- Who operates JRED?
- JRED is operated by Activa Resources, LLC, Railroad Commission of Texas operator number 003664.
- Where is JRED?
- JRED is a Texas oil lease in Dimmit County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 19582.
- Is JRED still producing?
- JRED is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JRED is August 2026.
- How much has JRED produced?
- JRED has reported 201,725 barrels of oil (bbl) to the Railroad Commission of Texas between October 2018 and August 2026, from 2 wellbores.
- How much is JRED worth?
- The remaining production from JRED is estimated to be worth about $2.7M in total as of 26 August 2026, within a range of $2.2M to $3.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JRED is a fraction of it. The estimate fits an Arps decline curve to the production JRED has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JRED is an estimate of value, not an offer and not an appraisal.
- How much income does JRED generate in a year?
- JRED is forecast to net about $699K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in JRED receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Activa Resources, LLC |
|---|---|
| Field | Hugh Fitzsimmons (San Miguel) |
| County | Dimmit County, Texas |
| RRC district | 01 |
| Lease number | 19582 |
| Wellbores | 2 |
| Reported production | 201,725 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.7M |
Where JRED 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.