DEARING
DEARING is a Texas oil lease in Jack County, Railroad Commission district 09, operated by Best Petroleum Explorations,Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1996 to August 2026, totalling 4,048 barrels. The lease is intermittent. 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 $653, with roughly $126 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 0 barrels a month. Its strongest month on the record we hold was April 2019, at 20 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 DEARING
- Who operates DEARING?
- DEARING is operated by Best Petroleum Explorations,Inc., Railroad Commission of Texas operator number 068287.
- Where is DEARING?
- DEARING is a Texas oil lease in Jack County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 29079.
- Is DEARING still producing?
- DEARING is intermittent. The most recent month of production reported to the Railroad Commission of Texas for DEARING is August 2026.
- How much has DEARING produced?
- DEARING has reported 4,048 barrels of oil (bbl) to the Railroad Commission of Texas between January 1996 and August 2026, from 1 wellbore.
- How much is DEARING worth?
- The remaining production from DEARING is estimated to be worth about $653 in total as of 27 August 2026, within a range of $0 to $1K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DEARING is a fraction of it. The estimate fits an Arps decline curve to the production DEARING has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DEARING is an estimate of value, not an offer and not an appraisal.
- How much income does DEARING generate in a year?
- DEARING is forecast to net about $126 across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in DEARING receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Best Petroleum Explorations,Inc. |
|---|---|
| Field | Dearing (Strawn) |
| County | Jack County, Texas |
| RRC district | 09 |
| Lease number | 29079 |
| Wellbores | 1 |
| Reported production | 4,048 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $653 |
Where DEARING 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.