BURT, MYRTLE -B-
BURT, MYRTLE -B- is a Texas oil lease in Jack County, Railroad Commission district 09, operated by Threshold Development Company. It has 4 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 18,744 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 $229K, with roughly $44K 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 70 barrels a month, about 17 per wellbore. Its strongest month on the record we hold was August 2016, at 300 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 BURT, MYRTLE -B-
- Who operates BURT, MYRTLE -B-?
- BURT, MYRTLE -B- is operated by Threshold Development Company, Railroad Commission of Texas operator number 858240.
- Where is BURT, MYRTLE -B-?
- BURT, MYRTLE -B- is a Texas oil lease in Jack County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 03834.
- Is BURT, MYRTLE -B- still producing?
- BURT, MYRTLE -B- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BURT, MYRTLE -B- is August 2026.
- How much has BURT, MYRTLE -B- produced?
- BURT, MYRTLE -B- has reported 18,744 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 4 wellbores.
- How much is BURT, MYRTLE -B- worth?
- The remaining production from BURT, MYRTLE -B- is estimated to be worth about $229K in total as of 26 August 2026, within a range of $126K to $331K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BURT, MYRTLE -B- is a fraction of it. The estimate fits an Arps decline curve to the production BURT, MYRTLE -B- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BURT, MYRTLE -B- is an estimate of value, not an offer and not an appraisal.
- How much income does BURT, MYRTLE -B- generate in a year?
- BURT, MYRTLE -B- is forecast to net about $44K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BURT, MYRTLE -B- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Threshold Development Company |
|---|---|
| Field | Peek (Strawn) |
| County | Jack County, Texas |
| RRC district | 09 |
| Lease number | 03834 |
| Wellbores | 4 |
| Reported production | 18,744 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $229K |
Where BURT, MYRTLE -B- 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.