WELLS, J.O.
WELLS, J.O. is a Texas oil lease in Hemphill County, Railroad Commission district 10, operated by Latigo Petroleum Texas, LP. It has 2 wellbores on file with the Commission. Reported production runs from April 2004 to August 2026, totalling 73,765 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 $575K, with roughly $96K 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 78 barrels a month, about 39 per wellbore. Its strongest month on the record we hold was September 2021, at 460 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 WELLS, J.O.
- Who operates WELLS, J.O.?
- WELLS, J.O. is operated by Latigo Petroleum Texas, LP, Railroad Commission of Texas operator number 488245.
- Where is WELLS, J.O.?
- WELLS, J.O. is a Texas oil lease in Hemphill County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 07517.
- Is WELLS, J.O. still producing?
- WELLS, J.O. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WELLS, J.O. is August 2026.
- How much has WELLS, J.O. produced?
- WELLS, J.O. has reported 73,765 barrels of oil (bbl) to the Railroad Commission of Texas between April 2004 and August 2026, from 2 wellbores.
- How much is WELLS, J.O. worth?
- The remaining production from WELLS, J.O. is estimated to be worth about $575K in total as of 27 August 2026, within a range of $316K to $834K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WELLS, J.O. is a fraction of it. The estimate fits an Arps decline curve to the production WELLS, J.O. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WELLS, J.O. is an estimate of value, not an offer and not an appraisal.
- How much income does WELLS, J.O. generate in a year?
- WELLS, J.O. is forecast to net about $96K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in WELLS, J.O. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Latigo Petroleum Texas, LP |
|---|---|
| Field | Canadian, Se (Douglas) |
| County | Hemphill County, Texas |
| RRC district | 10 |
| Lease number | 07517 |
| Wellbores | 2 |
| Reported production | 73,765 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $575K |
Where WELLS, J.O. 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.