JOAN
JOAN is a Texas oil lease in Lee County, Railroad Commission district 03, operated by U. S. Operating, Inc. It has 2 wellbores on file with the Commission. Reported production runs from September 2008 to August 2026, totalling 29,181 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 $85K, 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 18 barrels a month, about 9 per wellbore. Its strongest month on the record we hold was May 2017, at 126 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 JOAN
- Who operates JOAN?
- JOAN is operated by U. S. Operating, Inc., Railroad Commission of Texas operator number 875431.
- Where is JOAN?
- JOAN is a Texas oil lease in Lee County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 25233.
- Is JOAN still producing?
- JOAN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JOAN is August 2026.
- How much has JOAN produced?
- JOAN has reported 29,181 barrels of oil (bbl) to the Railroad Commission of Texas between September 2008 and August 2026, from 2 wellbores.
- How much is JOAN worth?
- The remaining production from JOAN is estimated to be worth about $85K in total as of 27 August 2026, within a range of $47K to $123K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JOAN is a fraction of it. The estimate fits an Arps decline curve to the production JOAN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JOAN is an estimate of value, not an offer and not an appraisal.
- How much income does JOAN generate in a year?
- JOAN is forecast to net about $15K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in JOAN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | U. S. Operating, Inc. |
|---|---|
| Field | Giddings (Navarro, Oil) |
| County | Lee County, Texas |
| RRC district | 03 |
| Lease number | 25233 |
| Wellbores | 2 |
| Reported production | 29,181 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $85K |
Where JOAN 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.