PRICHARD J
PRICHARD J is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Legacy Reserves Operating LP. It has 1 wellbore on file with the Commission. Reported production runs from May 2017 to August 2026, totalling 51,292 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 $250K 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 217 barrels a month. Its strongest month on the record we hold was June 2017, at 6,514 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 PRICHARD J
- Who operates PRICHARD J?
- PRICHARD J is operated by Legacy Reserves Operating LP, Railroad Commission of Texas operator number 495445.
- Where is PRICHARD J?
- PRICHARD J is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 48983.
- Is PRICHARD J still producing?
- PRICHARD J is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PRICHARD J is August 2026.
- How much has PRICHARD J produced?
- PRICHARD J has reported 51,292 barrels of oil (bbl) to the Railroad Commission of Texas between May 2017 and August 2026, from 1 wellbore.
- How much is PRICHARD J worth?
- The remaining production from PRICHARD J 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 PRICHARD J is a fraction of it. The estimate fits an Arps decline curve to the production PRICHARD J has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PRICHARD J is an estimate of value, not an offer and not an appraisal.
- How much income does PRICHARD J generate in a year?
- PRICHARD J is forecast to net about $250K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PRICHARD J receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Legacy Reserves Operating LP |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 48983 |
| Wellbores | 1 |
| Reported production | 51,292 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.6M |
Where PRICHARD J 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.