JOSEPH UNIT
JOSEPH UNIT is a Texas oil lease in Karnes County, Railroad Commission district 02, operated by Eog Resources, Inc. It has 14 wellbores on file with the Commission. Reported production runs from October 2010 to August 2026, totalling 3,330,646 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 $17.3M, with roughly $4.8M 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 7,531 barrels a month, about 538 per wellbore. Its strongest month on the record we hold was May 2016, at 30,640 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 JOSEPH UNIT
- Who operates JOSEPH UNIT?
- JOSEPH UNIT is operated by Eog Resources, Inc., Railroad Commission of Texas operator number 253162.
- Where is JOSEPH UNIT?
- JOSEPH UNIT is a Texas oil lease in Karnes County, Texas, in Railroad Commission district 02. Its Railroad Commission lease number is 09498.
- Is JOSEPH UNIT still producing?
- JOSEPH UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JOSEPH UNIT is August 2026.
- How much has JOSEPH UNIT produced?
- JOSEPH UNIT has reported 3,330,646 barrels of oil (bbl) to the Railroad Commission of Texas between October 2010 and August 2026, from 14 wellbores.
- How much is JOSEPH UNIT worth?
- The remaining production from JOSEPH UNIT is estimated to be worth about $17.3M in total as of 26 August 2026, within a range of $14.4M to $20.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JOSEPH UNIT is a fraction of it. The estimate fits an Arps decline curve to the production JOSEPH UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JOSEPH UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does JOSEPH UNIT generate in a year?
- JOSEPH UNIT is forecast to net about $4.8M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in JOSEPH UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Eog Resources, Inc. |
|---|---|
| Field | Eagleville (Eagle Ford-2) |
| County | Karnes County, Texas |
| RRC district | 02 |
| Lease number | 09498 |
| Wellbores | 14 |
| Reported production | 3,330,646 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $17.3M |
Where JOSEPH UNIT 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.