WHITSITT, IRA
WHITSITT, IRA is a Texas oil lease in Jack County, Railroad Commission district 09, operated by Miles Production Co. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 43,701 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 $317K, with roughly $61K 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 84 barrels a month. Its strongest month on the record we hold was February 2021, at 181 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 WHITSITT, IRA
- Who operates WHITSITT, IRA?
- WHITSITT, IRA is operated by Miles Production Co., Railroad Commission of Texas operator number 567000.
- Where is WHITSITT, IRA?
- WHITSITT, IRA is a Texas oil lease in Jack County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 16472.
- Is WHITSITT, IRA still producing?
- WHITSITT, IRA is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WHITSITT, IRA is August 2026.
- How much has WHITSITT, IRA produced?
- WHITSITT, IRA has reported 43,701 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is WHITSITT, IRA worth?
- The remaining production from WHITSITT, IRA is estimated to be worth about $317K in total as of 26 August 2026, within a range of $175K to $460K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WHITSITT, IRA is a fraction of it. The estimate fits an Arps decline curve to the production WHITSITT, IRA has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WHITSITT, IRA is an estimate of value, not an offer and not an appraisal.
- How much income does WHITSITT, IRA generate in a year?
- WHITSITT, IRA is forecast to net about $61K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WHITSITT, IRA receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Miles Production Co. |
|---|---|
| Field | Ambra (Strawn) |
| County | Jack County, Texas |
| RRC district | 09 |
| Lease number | 16472 |
| Wellbores | 1 |
| Reported production | 43,701 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $317K |
Where WHITSITT, IRA 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.