TEXACO JONES
TEXACO JONES is a Texas oil lease in Gaines County, Railroad Commission district 8A, operated by Walsh & Watts, Inc. It has 1 wellbore on file with the Commission. Reported production runs from November 2005 to August 2026, totalling 49,271 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 $695K, with roughly $134K 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 177 barrels a month. Its strongest month on the record we hold was September 2020, at 231 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 TEXACO JONES
- Who operates TEXACO JONES?
- TEXACO JONES is operated by Walsh & Watts, Inc., Railroad Commission of Texas operator number 895060.
- Where is TEXACO JONES?
- TEXACO JONES is a Texas oil lease in Gaines County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 68906.
- Is TEXACO JONES still producing?
- TEXACO JONES is currently producing. The most recent month of production reported to the Railroad Commission of Texas for TEXACO JONES is August 2026.
- How much has TEXACO JONES produced?
- TEXACO JONES has reported 49,271 barrels of oil (bbl) to the Railroad Commission of Texas between November 2005 and August 2026, from 1 wellbore.
- How much is TEXACO JONES worth?
- The remaining production from TEXACO JONES is estimated to be worth about $695K in total as of 27 August 2026, within a range of $542K to $848K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TEXACO JONES is a fraction of it. The estimate fits an Arps decline curve to the production TEXACO JONES has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TEXACO JONES is an estimate of value, not an offer and not an appraisal.
- How much income does TEXACO JONES generate in a year?
- TEXACO JONES is forecast to net about $134K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in TEXACO JONES receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Walsh & Watts, Inc. |
|---|---|
| Field | Russell (Clearfork Consolidated |
| County | Gaines County, Texas |
| RRC district | 8A |
| Lease number | 68906 |
| Wellbores | 1 |
| Reported production | 49,271 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $695K |
Where TEXACO JONES 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.