JOSEY WALES
JOSEY WALES is a Texas oil lease in Milam County, Railroad Commission district 03, operated by LRR Pecos Valley, LLC. It has 1 wellbore on file with the Commission. Reported production runs from November 2022 to August 2026, totalling 129,942 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 $3.1M, with roughly $1.1M 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 1,940 barrels a month. Its strongest month on the record we hold was February 2024, at 14,117 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 JOSEY WALES
- Who operates JOSEY WALES?
- JOSEY WALES is operated by LRR Pecos Valley, LLC, Railroad Commission of Texas operator number 511724.
- Where is JOSEY WALES?
- JOSEY WALES is a Texas oil lease in Milam County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 28026.
- Is JOSEY WALES still producing?
- JOSEY WALES is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JOSEY WALES is August 2026.
- How much has JOSEY WALES produced?
- JOSEY WALES has reported 129,942 barrels of oil (bbl) to the Railroad Commission of Texas between November 2022 and August 2026, from 1 wellbore.
- How much is JOSEY WALES worth?
- The remaining production from JOSEY WALES is estimated to be worth about $3.1M in total as of 27 August 2026, within a range of $2.6M to $3.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JOSEY WALES is a fraction of it. The estimate fits an Arps decline curve to the production JOSEY WALES has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JOSEY WALES is an estimate of value, not an offer and not an appraisal.
- How much income does JOSEY WALES generate in a year?
- JOSEY WALES is forecast to net about $1.1M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in JOSEY WALES receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | LRR Pecos Valley, LLC |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Milam County, Texas |
| RRC district | 03 |
| Lease number | 28026 |
| Wellbores | 1 |
| Reported production | 129,942 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.1M |
Where JOSEY WALES 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.