SPACER, JOELLA
SPACER, JOELLA is a Texas oil lease in Lee County, Railroad Commission district 03, operated by Mccarthy Oil & Gas Corporation. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 17,119 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 $13K, with roughly $2K 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 10 barrels a month. Its strongest month on the record we hold was April 2017, at 78 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 SPACER, JOELLA
- Who operates SPACER, JOELLA?
- SPACER, JOELLA is operated by Mccarthy Oil & Gas Corporation, Railroad Commission of Texas operator number 539314.
- Where is SPACER, JOELLA?
- SPACER, JOELLA is a Texas oil lease in Lee County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 18660.
- Is SPACER, JOELLA still producing?
- SPACER, JOELLA is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SPACER, JOELLA is August 2026.
- How much has SPACER, JOELLA produced?
- SPACER, JOELLA has reported 17,119 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is SPACER, JOELLA worth?
- The remaining production from SPACER, JOELLA is estimated to be worth about $13K in total as of 26 August 2026, within a range of $7K to $19K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SPACER, JOELLA is a fraction of it. The estimate fits an Arps decline curve to the production SPACER, JOELLA has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SPACER, JOELLA is an estimate of value, not an offer and not an appraisal.
- How much income does SPACER, JOELLA generate in a year?
- SPACER, JOELLA is forecast to net about $2K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SPACER, JOELLA receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mccarthy Oil & Gas Corporation |
|---|---|
| Field | Hooker Creek (Navarro A) |
| County | Lee County, Texas |
| RRC district | 03 |
| Lease number | 18660 |
| Wellbores | 1 |
| Reported production | 17,119 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $13K |
Where SPACER, JOELLA 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.