LAREDO
LAREDO is a Texas oil lease in Gaines County, Railroad Commission district 8A, operated by Joint Resources Company. It has 1 wellbore on file with the Commission. Reported production runs from April 2019 to August 2026, totalling 136,199 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 $1.4M, with roughly $493K 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 657 barrels a month. Its strongest month on the record we hold was August 2019, at 6,196 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 LAREDO
- Who operates LAREDO?
- LAREDO is operated by Joint Resources Company, Railroad Commission of Texas operator number 440742.
- Where is LAREDO?
- LAREDO is a Texas oil lease in Gaines County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 70977.
- Is LAREDO still producing?
- LAREDO is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LAREDO is August 2026.
- How much has LAREDO produced?
- LAREDO has reported 136,199 barrels of oil (bbl) to the Railroad Commission of Texas between April 2019 and August 2026, from 1 wellbore.
- How much is LAREDO worth?
- The remaining production from LAREDO is estimated to be worth about $1.4M in total as of 26 August 2026, within a range of $1.1M to $1.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LAREDO is a fraction of it. The estimate fits an Arps decline curve to the production LAREDO has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LAREDO is an estimate of value, not an offer and not an appraisal.
- How much income does LAREDO generate in a year?
- LAREDO is forecast to net about $493K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LAREDO receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Joint Resources Company |
|---|---|
| Field | Carter-New Mexico (San Andres) |
| County | Gaines County, Texas |
| RRC district | 8A |
| Lease number | 70977 |
| Wellbores | 1 |
| Reported production | 136,199 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.4M |
Where LAREDO 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.