JAMES
JAMES is a Texas oil lease in Gaines County, Railroad Commission district 8A, operated by Petroleum Technical Services Co. It has 3 wellbores on file with the Commission. Reported production runs from February 1998 to August 2026, totalling 124,155 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 $637K, with roughly $120K 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 134 barrels a month, about 45 per wellbore. Its strongest month on the record we hold was February 2020, at 448 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 JAMES
- Who operates JAMES?
- JAMES is operated by Petroleum Technical Services Co., Railroad Commission of Texas operator number 660842.
- Where is JAMES?
- JAMES is a Texas oil lease in Gaines County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 67868.
- Is JAMES still producing?
- JAMES is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JAMES is August 2026.
- How much has JAMES produced?
- JAMES has reported 124,155 barrels of oil (bbl) to the Railroad Commission of Texas between February 1998 and August 2026, from 3 wellbores.
- How much is JAMES worth?
- The remaining production from JAMES is estimated to be worth about $637K in total as of 26 August 2026, within a range of $496K to $777K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JAMES is a fraction of it. The estimate fits an Arps decline curve to the production JAMES has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JAMES is an estimate of value, not an offer and not an appraisal.
- How much income does JAMES generate in a year?
- JAMES is forecast to net about $120K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in JAMES receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Petroleum Technical Services Co. |
|---|---|
| Field | Tex-Mex, Se. (Wichita Albany) |
| County | Gaines County, Texas |
| RRC district | 8A |
| Lease number | 67868 |
| Wellbores | 3 |
| Reported production | 124,155 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $637K |
Where JAMES 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.