IDARADO J 28
IDARADO J 28 is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Fourpoint Energy, LLC. It has 1 wellbore on file with the Commission. Reported production runs from December 2023 to August 2026, totalling 159,154 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 $1.1M, with roughly $788K 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 2,485 barrels a month. Its strongest month on the record we hold was March 2024, at 15,142 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 IDARADO J 28
- Who operates IDARADO J 28?
- IDARADO J 28 is operated by Fourpoint Energy, LLC, Railroad Commission of Texas operator number 280969.
- Where is IDARADO J 28?
- IDARADO J 28 is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 60486.
- Is IDARADO J 28 still producing?
- IDARADO J 28 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for IDARADO J 28 is August 2026.
- How much has IDARADO J 28 produced?
- IDARADO J 28 has reported 159,154 barrels of oil (bbl) to the Railroad Commission of Texas between December 2023 and August 2026, from 1 wellbore.
- How much is IDARADO J 28 worth?
- The remaining production from IDARADO J 28 is estimated to be worth about $1.1M in total as of 27 August 2026, within a range of $909K to $1.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in IDARADO J 28 is a fraction of it. The estimate fits an Arps decline curve to the production IDARADO J 28 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for IDARADO J 28 is an estimate of value, not an offer and not an appraisal.
- How much income does IDARADO J 28 generate in a year?
- IDARADO J 28 is forecast to net about $788K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in IDARADO J 28 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Fourpoint Energy, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 60486 |
| Wellbores | 1 |
| Reported production | 159,154 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.1M |
Where IDARADO J 28 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.