OTIS, JOHN
OTIS, JOHN is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Legacy Reserves Operating LP. It has 4 wellbores on file with the Commission. Reported production runs from December 2011 to August 2026, totalling 23,693 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 $752K, with roughly $145K 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 195 barrels a month, about 49 per wellbore. Its strongest month on the record we hold was February 2020, at 290 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 OTIS, JOHN
- Who operates OTIS, JOHN?
- OTIS, JOHN is operated by Legacy Reserves Operating LP, Railroad Commission of Texas operator number 495445.
- Where is OTIS, JOHN?
- OTIS, JOHN is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 41669.
- Is OTIS, JOHN still producing?
- OTIS, JOHN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for OTIS, JOHN is August 2026.
- How much has OTIS, JOHN produced?
- OTIS, JOHN has reported 23,693 barrels of oil (bbl) to the Railroad Commission of Texas between December 2011 and August 2026, from 4 wellbores.
- How much is OTIS, JOHN worth?
- The remaining production from OTIS, JOHN is estimated to be worth about $752K in total as of 26 August 2026, within a range of $586K to $917K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in OTIS, JOHN is a fraction of it. The estimate fits an Arps decline curve to the production OTIS, JOHN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for OTIS, JOHN is an estimate of value, not an offer and not an appraisal.
- How much income does OTIS, JOHN generate in a year?
- OTIS, JOHN is forecast to net about $145K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in OTIS, JOHN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Legacy Reserves Operating LP |
|---|---|
| Field | Howard Glasscock (Consolidated) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 41669 |
| Wellbores | 4 |
| Reported production | 23,693 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $752K |
Where OTIS, JOHN 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.