CORONA, JOHN
CORONA, JOHN is a Texas oil lease in Milam County, Railroad Commission district 01, operated by LRC Oil Co. It has 6 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 2,121 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 $4K, with roughly $754 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 1 barrels a month. Its strongest month on the record we hold was November 2018, at 49 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 CORONA, JOHN
- Who operates CORONA, JOHN?
- CORONA, JOHN is operated by LRC Oil Co., Railroad Commission of Texas operator number 511730.
- Where is CORONA, JOHN?
- CORONA, JOHN is a Texas oil lease in Milam County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 11408.
- Is CORONA, JOHN still producing?
- CORONA, JOHN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CORONA, JOHN is August 2026.
- How much has CORONA, JOHN produced?
- CORONA, JOHN has reported 2,121 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 6 wellbores.
- How much is CORONA, JOHN worth?
- The remaining production from CORONA, JOHN is estimated to be worth about $4K in total as of 27 August 2026, within a range of $0 to $8K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CORONA, JOHN is a fraction of it. The estimate fits an Arps decline curve to the production CORONA, JOHN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CORONA, JOHN is an estimate of value, not an offer and not an appraisal.
- How much income does CORONA, JOHN generate in a year?
- CORONA, JOHN is forecast to net about $754 across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CORONA, JOHN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | LRC Oil Co. |
|---|---|
| Field | Minerva-Rockdale |
| County | Milam County, Texas |
| RRC district | 01 |
| Lease number | 11408 |
| Wellbores | 6 |
| Reported production | 2,121 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4K |
Where CORONA, JOHN 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.