LOVVORN 15
LOVVORN 15 is a Texas oil lease in Jones County, Railroad Commission district 7B, operated by U.S. Energy Development Corp. It has 1 wellbore on file with the Commission. Reported production runs from June 2015 to August 2026, totalling 22,335 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 $74K 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 103 barrels a month. Its strongest month on the record we hold was October 2016, at 919 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 LOVVORN 15
- Who operates LOVVORN 15?
- LOVVORN 15 is operated by U.S. Energy Development Corp, Railroad Commission of Texas operator number 875462.
- Where is LOVVORN 15?
- LOVVORN 15 is a Texas oil lease in Jones County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 31990.
- Is LOVVORN 15 still producing?
- LOVVORN 15 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LOVVORN 15 is August 2026.
- How much has LOVVORN 15 produced?
- LOVVORN 15 has reported 22,335 barrels of oil (bbl) to the Railroad Commission of Texas between June 2015 and August 2026, from 1 wellbore.
- How much is LOVVORN 15 worth?
- The remaining production from LOVVORN 15 is estimated to be worth about $384K in total as of 27 August 2026, within a range of $300K to $469K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LOVVORN 15 is a fraction of it. The estimate fits an Arps decline curve to the production LOVVORN 15 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LOVVORN 15 is an estimate of value, not an offer and not an appraisal.
- How much income does LOVVORN 15 generate in a year?
- LOVVORN 15 is forecast to net about $74K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in LOVVORN 15 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | U.S. Energy Development Corp |
|---|---|
| Field | Jones County Regular |
| County | Jones County, Texas |
| RRC district | 7B |
| Lease number | 31990 |
| Wellbores | 1 |
| Reported production | 22,335 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $384K |
Where LOVVORN 15 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.