JFE FOSTER
JFE FOSTER is a Texas oil lease in Medina County, Railroad Commission district 01, operated by 1859 Operating LLC. It has 9 wellbores on file with the Commission. Reported production runs from September 2022 to August 2026, totalling 1,502 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 $88K, with roughly $17K 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 24 barrels a month, about 3 per wellbore. Its strongest month on the record we hold was June 2024, at 123 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 JFE FOSTER
- Who operates JFE FOSTER?
- JFE FOSTER is operated by 1859 Operating LLC, Railroad Commission of Texas operator number 100327.
- Where is JFE FOSTER?
- JFE FOSTER is a Texas oil lease in Medina County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 21008.
- Is JFE FOSTER still producing?
- JFE FOSTER is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JFE FOSTER is August 2026.
- How much has JFE FOSTER produced?
- JFE FOSTER has reported 1,502 barrels of oil (bbl) to the Railroad Commission of Texas between September 2022 and August 2026, from 9 wellbores.
- How much is JFE FOSTER worth?
- The remaining production from JFE FOSTER is estimated to be worth about $88K in total as of 27 August 2026, within a range of $48K to $127K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JFE FOSTER is a fraction of it. The estimate fits an Arps decline curve to the production JFE FOSTER has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JFE FOSTER is an estimate of value, not an offer and not an appraisal.
- How much income does JFE FOSTER generate in a year?
- JFE FOSTER is forecast to net about $17K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in JFE FOSTER receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | 1859 Operating LLC |
|---|---|
| Field | Fairfield |
| County | Medina County, Texas |
| RRC district | 01 |
| Lease number | 21008 |
| Wellbores | 9 |
| Reported production | 1,502 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $88K |
Where JFE FOSTER 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.