JOBE
JOBE is a Texas oil lease in Eastland County, Railroad Commission district 7B, operated by Scranton Exploration. It has 1 wellbore on file with the Commission. Reported production runs from October 2005 to August 2026, totalling 5,483 barrels. The lease is intermittent. 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 $2K, with roughly $377 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 barrels a month. Its strongest month on the record we hold was January 2017, at 22 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 JOBE
- Who operates JOBE?
- JOBE is operated by Scranton Exploration, Railroad Commission of Texas operator number 760227.
- Where is JOBE?
- JOBE is a Texas oil lease in Eastland County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 29648.
- Is JOBE still producing?
- JOBE is intermittent. The most recent month of production reported to the Railroad Commission of Texas for JOBE is August 2026.
- How much has JOBE produced?
- JOBE has reported 5,483 barrels of oil (bbl) to the Railroad Commission of Texas between October 2005 and August 2026, from 1 wellbore.
- How much is JOBE worth?
- The remaining production from JOBE is estimated to be worth about $2K in total as of 27 August 2026, within a range of $0 to $4K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JOBE is a fraction of it. The estimate fits an Arps decline curve to the production JOBE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JOBE is an estimate of value, not an offer and not an appraisal.
- How much income does JOBE generate in a year?
- JOBE is forecast to net about $377 across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in JOBE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Scranton Exploration |
|---|---|
| Field | Carbon (Caddo) |
| County | Eastland County, Texas |
| RRC district | 7B |
| Lease number | 29648 |
| Wellbores | 1 |
| Reported production | 5,483 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2K |
Where JOBE 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.