NJCU
NJCU is a Texas oil lease in Gaines County, Railroad Commission district 8A, operated by White Rock Oil & Gas, LLC. It has 53 wellbores on file with the Commission. Reported production runs from July 2022 to August 2026, totalling 326,236 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 $22.5M, with roughly $5.0M 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 6,659 barrels a month, about 126 per wellbore. Its strongest month on the record we hold was March 2023, at 8,430 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 NJCU
- Who operates NJCU?
- NJCU is operated by White Rock Oil & Gas, LLC, Railroad Commission of Texas operator number 916958.
- Where is NJCU?
- NJCU is a Texas oil lease in Gaines County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 71233.
- Is NJCU still producing?
- NJCU is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NJCU is August 2026.
- How much has NJCU produced?
- NJCU has reported 326,236 barrels of oil (bbl) to the Railroad Commission of Texas between July 2022 and August 2026, from 53 wellbores.
- How much is NJCU worth?
- The remaining production from NJCU is estimated to be worth about $22.5M in total as of 26 August 2026, within a range of $18.7M to $26.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NJCU is a fraction of it. The estimate fits an Arps decline curve to the production NJCU has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NJCU is an estimate of value, not an offer and not an appraisal.
- How much income does NJCU generate in a year?
- NJCU is forecast to net about $5.0M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NJCU receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | White Rock Oil & Gas, LLC |
|---|---|
| Field | Jenkins, North (Clear Fork) |
| County | Gaines County, Texas |
| RRC district | 8A |
| Lease number | 71233 |
| Wellbores | 53 |
| Reported production | 326,236 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $22.5M |
Where NJCU 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.