CLEMENTS, GEORGE S.
CLEMENTS, GEORGE S. is a Texas oil lease in Jackson County, Railroad Commission district 02, operated by Pegasus Operating, Inc. It has 1 wellbore on file with the Commission. Reported production runs from February 2020 to August 2026, totalling 16,515 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 $24K, with roughly $5K 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 7 barrels a month. Its strongest month on the record we hold was September 2022, at 1,069 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 CLEMENTS, GEORGE S.
- Who operates CLEMENTS, GEORGE S.?
- CLEMENTS, GEORGE S. is operated by Pegasus Operating, Inc., Railroad Commission of Texas operator number 650621.
- Where is CLEMENTS, GEORGE S.?
- CLEMENTS, GEORGE S. is a Texas oil lease in Jackson County, Texas, in Railroad Commission district 02. Its Railroad Commission lease number is 12294.
- Is CLEMENTS, GEORGE S. still producing?
- CLEMENTS, GEORGE S. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CLEMENTS, GEORGE S. is August 2026.
- How much has CLEMENTS, GEORGE S. produced?
- CLEMENTS, GEORGE S. has reported 16,515 barrels of oil (bbl) to the Railroad Commission of Texas between February 2020 and August 2026, from 1 wellbore.
- How much is CLEMENTS, GEORGE S. worth?
- The remaining production from CLEMENTS, GEORGE S. is estimated to be worth about $24K in total as of 26 August 2026, within a range of $0 to $49K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CLEMENTS, GEORGE S. is a fraction of it. The estimate fits an Arps decline curve to the production CLEMENTS, GEORGE S. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CLEMENTS, GEORGE S. is an estimate of value, not an offer and not an appraisal.
- How much income does CLEMENTS, GEORGE S. generate in a year?
- CLEMENTS, GEORGE S. is forecast to net about $5K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CLEMENTS, GEORGE S. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pegasus Operating, Inc. |
|---|---|
| Field | Texana (6620 Frio) |
| County | Jackson County, Texas |
| RRC district | 02 |
| Lease number | 12294 |
| Wellbores | 1 |
| Reported production | 16,515 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $24K |
Where CLEMENTS, GEORGE S. 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.