FARMER
FARMER is a Texas oil lease in Jones County, Railroad Commission district 7B, operated by D. W. R. Oil Co., Inc. It has 1 wellbore on file with the Commission. Reported production runs from September 2013 to August 2026, totalling 34,352 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 $384K, with roughly $73K 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 93 barrels a month. Its strongest month on the record we hold was July 2016, at 616 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 FARMER
- Who operates FARMER?
- FARMER is operated by D. W. R. Oil Co., Inc., Railroad Commission of Texas operator number 195925.
- Where is FARMER?
- FARMER is a Texas oil lease in Jones County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 31401.
- Is FARMER still producing?
- FARMER is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FARMER is August 2026.
- How much has FARMER produced?
- FARMER has reported 34,352 barrels of oil (bbl) to the Railroad Commission of Texas between September 2013 and August 2026, from 1 wellbore.
- How much is FARMER worth?
- The remaining production from FARMER is estimated to be worth about $384K in total as of 26 August 2026, within a range of $211K to $557K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FARMER is a fraction of it. The estimate fits an Arps decline curve to the production FARMER has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FARMER is an estimate of value, not an offer and not an appraisal.
- How much income does FARMER generate in a year?
- FARMER is forecast to net about $73K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in FARMER receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | D. W. R. Oil Co., Inc. |
|---|---|
| Field | Noodle, NW. (Canyon SD. 4100) |
| County | Jones County, Texas |
| RRC district | 7B |
| Lease number | 31401 |
| Wellbores | 1 |
| Reported production | 34,352 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $384K |
Where FARMER 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.