WATSON, J. T.
WATSON, J. T. is a Texas oil lease in Eastland County, Railroad Commission district 7B, operated by Pearson, Lee Roy, JR. It has 2 wellbores on file with the Commission. Reported production runs from November 1993 to August 2026, totalling 94,239 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 $785K, with roughly $145K 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 164 barrels a month, about 82 per wellbore. Its strongest month on the record we hold was January 2021, at 203 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 WATSON, J. T.
- Who operates WATSON, J. T.?
- WATSON, J. T. is operated by Pearson, Lee Roy, JR., Railroad Commission of Texas operator number 647750.
- Where is WATSON, J. T.?
- WATSON, J. T. is a Texas oil lease in Eastland County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 27056.
- Is WATSON, J. T. still producing?
- WATSON, J. T. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WATSON, J. T. is August 2026.
- How much has WATSON, J. T. produced?
- WATSON, J. T. has reported 94,239 barrels of oil (bbl) to the Railroad Commission of Texas between November 1993 and August 2026, from 2 wellbores.
- How much is WATSON, J. T. worth?
- The remaining production from WATSON, J. T. is estimated to be worth about $785K in total as of 27 August 2026, within a range of $612K to $957K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WATSON, J. T. is a fraction of it. The estimate fits an Arps decline curve to the production WATSON, J. T. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WATSON, J. T. is an estimate of value, not an offer and not an appraisal.
- How much income does WATSON, J. T. generate in a year?
- WATSON, J. T. is forecast to net about $145K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in WATSON, J. T. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pearson, Lee Roy, JR. |
|---|---|
| Field | Augustine (Lower Ranger) |
| County | Eastland County, Texas |
| RRC district | 7B |
| Lease number | 27056 |
| Wellbores | 2 |
| Reported production | 94,239 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $785K |
Where WATSON, J. T. 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.