JOYCE
JOYCE is a Texas oil lease in Grimes County, Railroad Commission district 03, operated by CML Exploration, LLC. It has 1 wellbore on file with the Commission. Reported production runs from August 2012 to August 2026, totalling 141,371 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 $945K, with roughly $210K 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 286 barrels a month. Its strongest month on the record we hold was October 2016, at 1,057 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 JOYCE
- Who operates JOYCE?
- JOYCE is operated by CML Exploration, LLC, Railroad Commission of Texas operator number 120648.
- Where is JOYCE?
- JOYCE is a Texas oil lease in Grimes County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 26073.
- Is JOYCE still producing?
- JOYCE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JOYCE is August 2026.
- How much has JOYCE produced?
- JOYCE has reported 141,371 barrels of oil (bbl) to the Railroad Commission of Texas between August 2012 and August 2026, from 1 wellbore.
- How much is JOYCE worth?
- The remaining production from JOYCE is estimated to be worth about $945K in total as of 26 August 2026, within a range of $737K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JOYCE is a fraction of it. The estimate fits an Arps decline curve to the production JOYCE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JOYCE is an estimate of value, not an offer and not an appraisal.
- How much income does JOYCE generate in a year?
- JOYCE is forecast to net about $210K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in JOYCE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | CML Exploration, LLC |
|---|---|
| Field | Madisonville, W. (Woodbine -A-) |
| County | Grimes County, Texas |
| RRC district | 03 |
| Lease number | 26073 |
| Wellbores | 1 |
| Reported production | 141,371 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $945K |
Where JOYCE 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.