WATSON, J. B.
WATSON, J. B. is a Texas oil lease in Gregg County, Railroad Commission district 6E, operated by Western Production Company. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 22,665 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 $114K, with roughly $22K 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 18 barrels a month, about 6 per wellbore. Its strongest month on the record we hold was May 2017, at 103 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 WATSON, J. B.
- Who operates WATSON, J. B.?
- WATSON, J. B. is operated by Western Production Company, Railroad Commission of Texas operator number 912205.
- Where is WATSON, J. B.?
- WATSON, J. B. is a Texas oil lease in Gregg County, Texas, in Railroad Commission district 6E. Its Railroad Commission lease number is 08407.
- Is WATSON, J. B. still producing?
- WATSON, J. B. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WATSON, J. B. is August 2026.
- How much has WATSON, J. B. produced?
- WATSON, J. B. has reported 22,665 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is WATSON, J. B. worth?
- The remaining production from WATSON, J. B. is estimated to be worth about $114K in total as of 26 August 2026, within a range of $63K to $165K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WATSON, J. B. is a fraction of it. The estimate fits an Arps decline curve to the production WATSON, J. B. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WATSON, J. B. is an estimate of value, not an offer and not an appraisal.
- How much income does WATSON, J. B. generate in a year?
- WATSON, J. B. is forecast to net about $22K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WATSON, J. B. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Western Production Company |
|---|---|
| Field | East Texas |
| County | Gregg County, Texas |
| RRC district | 6E |
| Lease number | 08407 |
| Wellbores | 3 |
| Reported production | 22,665 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $114K |
Where WATSON, J. B. 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.