HOWARD
HOWARD is a Texas oil lease in Jones County, Railroad Commission district 7B, operated by Lkktx 2018, LLC. It has 1 wellbore on file with the Commission. Reported production runs from June 2021 to August 2026, totalling 9,879 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 $80K, with roughly $15K 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 111 barrels a month. Its strongest month on the record we hold was August 2021, at 1,124 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 HOWARD
- Who operates HOWARD?
- HOWARD is operated by Lkktx 2018, LLC, Railroad Commission of Texas operator number 504576.
- Where is HOWARD?
- HOWARD is a Texas oil lease in Jones County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 32545.
- Is HOWARD still producing?
- HOWARD is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HOWARD is August 2026.
- How much has HOWARD produced?
- HOWARD has reported 9,879 barrels of oil (bbl) to the Railroad Commission of Texas between June 2021 and August 2026, from 1 wellbore.
- How much is HOWARD worth?
- The remaining production from HOWARD is estimated to be worth about $80K in total as of 26 August 2026, within a range of $63K to $98K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HOWARD is a fraction of it. The estimate fits an Arps decline curve to the production HOWARD has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HOWARD is an estimate of value, not an offer and not an appraisal.
- How much income does HOWARD generate in a year?
- HOWARD is forecast to net about $15K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HOWARD receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Lkktx 2018, LLC |
|---|---|
| Field | S. L. C. (Tannehill) |
| County | Jones County, Texas |
| RRC district | 7B |
| Lease number | 32545 |
| Wellbores | 1 |
| Reported production | 9,879 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $80K |
Where HOWARD 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.