SCOTT, J.R. "70"
SCOTT, J.R. "70" is a Texas oil lease in Irion County, Railroad Commission district 7C, operated by Cox, John L. It has 5 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 69,994 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 $382K, with roughly $66K 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 54 barrels a month, about 11 per wellbore. Its strongest month on the record we hold was October 2021, at 281 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 SCOTT, J.R. "70"
- Who operates SCOTT, J.R. "70"?
- SCOTT, J.R. "70" is operated by Cox, John L., Railroad Commission of Texas operator number 185980.
- Where is SCOTT, J.R. "70"?
- SCOTT, J.R. "70" is a Texas oil lease in Irion County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 07401.
- Is SCOTT, J.R. "70" still producing?
- SCOTT, J.R. "70" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SCOTT, J.R. "70" is August 2026.
- How much has SCOTT, J.R. "70" produced?
- SCOTT, J.R. "70" has reported 69,994 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 5 wellbores.
- How much is SCOTT, J.R. "70" worth?
- The remaining production from SCOTT, J.R. "70" is estimated to be worth about $382K in total as of 27 August 2026, within a range of $210K to $554K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SCOTT, J.R. "70" is a fraction of it. The estimate fits an Arps decline curve to the production SCOTT, J.R. "70" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SCOTT, J.R. "70" is an estimate of value, not an offer and not an appraisal.
- How much income does SCOTT, J.R. "70" generate in a year?
- SCOTT, J.R. "70" is forecast to net about $66K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SCOTT, J.R. "70" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cox, John L. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Irion County, Texas |
| RRC district | 7C |
| Lease number | 07401 |
| Wellbores | 5 |
| Reported production | 69,994 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $382K |
Where SCOTT, J.R. "70" 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.