JOE, W.
JOE, W. is a Texas oil lease in Jones County, Railroad Commission district 7B, operated by Pardue Oil. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 35,154 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 $155K, with roughly $30K 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 33 barrels a month, about 17 per wellbore. Its strongest month on the record we hold was July 2024, at 198 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 JOE, W.
- Who operates JOE, W.?
- JOE, W. is operated by Pardue Oil, Railroad Commission of Texas operator number 639300.
- Where is JOE, W.?
- JOE, W. is a Texas oil lease in Jones County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 02323.
- Is JOE, W. still producing?
- JOE, W. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JOE, W. is August 2026.
- How much has JOE, W. produced?
- JOE, W. has reported 35,154 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is JOE, W. worth?
- The remaining production from JOE, W. is estimated to be worth about $155K in total as of 27 August 2026, within a range of $85K to $225K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JOE, W. is a fraction of it. The estimate fits an Arps decline curve to the production JOE, W. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JOE, W. is an estimate of value, not an offer and not an appraisal.
- How much income does JOE, W. generate in a year?
- JOE, W. is forecast to net about $30K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in JOE, W. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pardue Oil |
|---|---|
| Field | Jones County Regular |
| County | Jones County, Texas |
| RRC district | 7B |
| Lease number | 02323 |
| Wellbores | 2 |
| Reported production | 35,154 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $155K |
Where JOE, W. 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.