JONES-AMOCO
JONES-AMOCO is a Texas oil lease in Hemphill County, Railroad Commission district 10, operated by Unit Petroleum Company. It has 1 wellbore on file with the Commission. Reported production runs from November 2014 to August 2026, totalling 182,289 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 $1.6M, with roughly $413K 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 572 barrels a month. Its strongest month on the record we hold was May 2016, at 3,014 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 JONES-AMOCO
- Who operates JONES-AMOCO?
- JONES-AMOCO is operated by Unit Petroleum Company, Railroad Commission of Texas operator number 877099.
- Where is JONES-AMOCO?
- JONES-AMOCO is a Texas oil lease in Hemphill County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 09340.
- Is JONES-AMOCO still producing?
- JONES-AMOCO is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JONES-AMOCO is August 2026.
- How much has JONES-AMOCO produced?
- JONES-AMOCO has reported 182,289 barrels of oil (bbl) to the Railroad Commission of Texas between November 2014 and August 2026, from 1 wellbore.
- How much is JONES-AMOCO worth?
- The remaining production from JONES-AMOCO is estimated to be worth about $1.6M in total as of 26 August 2026, within a range of $1.3M to $2.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JONES-AMOCO is a fraction of it. The estimate fits an Arps decline curve to the production JONES-AMOCO has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JONES-AMOCO is an estimate of value, not an offer and not an appraisal.
- How much income does JONES-AMOCO generate in a year?
- JONES-AMOCO is forecast to net about $413K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in JONES-AMOCO receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Unit Petroleum Company |
|---|---|
| Field | Hemphill (Douglas) |
| County | Hemphill County, Texas |
| RRC district | 10 |
| Lease number | 09340 |
| Wellbores | 1 |
| Reported production | 182,289 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.6M |
Where JONES-AMOCO 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.