WHEAT 255
WHEAT 255 is a Texas oil lease in Lipscomb County, Railroad Commission district 10, operated by Jones Energy, LLC. It has 1 wellbore on file with the Commission. Reported production runs from March 2013 to August 2026, totalling 58,940 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 $582K, with roughly $98K 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 102 barrels a month. Its strongest month on the record we hold was August 2018, at 394 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 WHEAT 255
- Who operates WHEAT 255?
- WHEAT 255 is operated by Jones Energy, LLC, Railroad Commission of Texas operator number 441132.
- Where is WHEAT 255?
- WHEAT 255 is a Texas oil lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 09028.
- Is WHEAT 255 still producing?
- WHEAT 255 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WHEAT 255 is August 2026.
- How much has WHEAT 255 produced?
- WHEAT 255 has reported 58,940 barrels of oil (bbl) to the Railroad Commission of Texas between March 2013 and August 2026, from 1 wellbore.
- How much is WHEAT 255 worth?
- The remaining production from WHEAT 255 is estimated to be worth about $582K in total as of 26 August 2026, within a range of $454K to $710K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WHEAT 255 is a fraction of it. The estimate fits an Arps decline curve to the production WHEAT 255 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WHEAT 255 is an estimate of value, not an offer and not an appraisal.
- How much income does WHEAT 255 generate in a year?
- WHEAT 255 is forecast to net about $98K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WHEAT 255 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Jones Energy, LLC |
|---|---|
| Field | Lipscomb, S.E. (Cleveland) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 09028 |
| Wellbores | 1 |
| Reported production | 58,940 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $582K |
Where WHEAT 255 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.