WATTS, WILLIAM
WATTS, WILLIAM is a Texas oil lease in Marion County, Railroad Commission district 06, operated by Fitzgerald Production Co. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 11,515 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 $60K, with roughly $12K 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 19 barrels a month, about 9 per wellbore. Its strongest month on the record we hold was October 2017, at 93 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 WATTS, WILLIAM
- Who operates WATTS, WILLIAM?
- WATTS, WILLIAM is operated by Fitzgerald Production Co., Railroad Commission of Texas operator number 270835.
- Where is WATTS, WILLIAM?
- WATTS, WILLIAM is a Texas oil lease in Marion County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 00907.
- Is WATTS, WILLIAM still producing?
- WATTS, WILLIAM is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WATTS, WILLIAM is August 2026.
- How much has WATTS, WILLIAM produced?
- WATTS, WILLIAM has reported 11,515 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is WATTS, WILLIAM worth?
- The remaining production from WATTS, WILLIAM is estimated to be worth about $60K in total as of 26 August 2026, within a range of $33K to $87K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WATTS, WILLIAM is a fraction of it. The estimate fits an Arps decline curve to the production WATTS, WILLIAM has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WATTS, WILLIAM is an estimate of value, not an offer and not an appraisal.
- How much income does WATTS, WILLIAM generate in a year?
- WATTS, WILLIAM is forecast to net about $12K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WATTS, WILLIAM receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Fitzgerald Production Co. |
|---|---|
| Field | Marion County (Shallow) |
| County | Marion County, Texas |
| RRC district | 06 |
| Lease number | 00907 |
| Wellbores | 2 |
| Reported production | 11,515 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $60K |
Where WATTS, WILLIAM 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.