JONES, GEORGE
JONES, GEORGE is a Texas oil lease in Gregg County, Railroad Commission district 6E, operated by M-C Production & Drilling Co,Inc. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 16,108 barrels. The lease is intermittent. 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 $62K, with roughly $12K 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 14 barrels a month, about 7 per wellbore. Its strongest month on the record we hold was December 2021, at 71 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 JONES, GEORGE
- Who operates JONES, GEORGE?
- JONES, GEORGE is operated by M-C Production & Drilling Co,Inc, Railroad Commission of Texas operator number 518063.
- Where is JONES, GEORGE?
- JONES, GEORGE is a Texas oil lease in Gregg County, Texas, in Railroad Commission district 6E. Its Railroad Commission lease number is 07762.
- Is JONES, GEORGE still producing?
- JONES, GEORGE is intermittent. The most recent month of production reported to the Railroad Commission of Texas for JONES, GEORGE is August 2026.
- How much has JONES, GEORGE produced?
- JONES, GEORGE has reported 16,108 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is JONES, GEORGE worth?
- The remaining production from JONES, GEORGE is estimated to be worth about $62K in total as of 27 August 2026, within a range of $34K to $90K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JONES, GEORGE is a fraction of it. The estimate fits an Arps decline curve to the production JONES, GEORGE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JONES, GEORGE is an estimate of value, not an offer and not an appraisal.
- How much income does JONES, GEORGE generate in a year?
- JONES, GEORGE is forecast to net about $12K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in JONES, GEORGE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | M-C Production & Drilling Co,Inc |
|---|---|
| Field | East Texas |
| County | Gregg County, Texas |
| RRC district | 6E |
| Lease number | 07762 |
| Wellbores | 2 |
| Reported production | 16,108 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $62K |
Where JONES, GEORGE 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.