JET
JET is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Lario Oil & Gas Company. It has 1 wellbore on file with the Commission. Reported production runs from June 2018 to August 2026, totalling 64,755 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 $862K, with roughly $298K 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 551 barrels a month. Its strongest month on the record we hold was September 2018, at 1,880 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 JET
- Who operates JET?
- JET is operated by Lario Oil & Gas Company, Railroad Commission of Texas operator number 486710.
- Where is JET?
- JET is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 51647.
- Is JET still producing?
- JET is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JET is August 2026.
- How much has JET produced?
- JET has reported 64,755 barrels of oil (bbl) to the Railroad Commission of Texas between June 2018 and August 2026, from 1 wellbore.
- How much is JET worth?
- The remaining production from JET is estimated to be worth about $862K in total as of 27 August 2026, within a range of $672K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JET is a fraction of it. The estimate fits an Arps decline curve to the production JET has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JET is an estimate of value, not an offer and not an appraisal.
- How much income does JET generate in a year?
- JET is forecast to net about $298K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in JET receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Lario Oil & Gas Company |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 51647 |
| Wellbores | 1 |
| Reported production | 64,755 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $862K |
Where JET 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.