IRMA
IRMA is a Texas oil lease in Moore County, Railroad Commission district 10, operated by J. W. Resources Inc. It has 2 wellbores on file with the Commission. Reported production runs from October 2021 to August 2026, totalling 69,516 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 $2.5M, with roughly $700K 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 1,180 barrels a month, about 590 per wellbore. Its strongest month on the record we hold was December 2021, at 4,055 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 IRMA
- Who operates IRMA?
- IRMA is operated by J. W. Resources Inc., Railroad Commission of Texas operator number 427974.
- Where is IRMA?
- IRMA is a Texas oil lease in Moore County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 09794.
- Is IRMA still producing?
- IRMA is currently producing. The most recent month of production reported to the Railroad Commission of Texas for IRMA is August 2026.
- How much has IRMA produced?
- IRMA has reported 69,516 barrels of oil (bbl) to the Railroad Commission of Texas between October 2021 and August 2026, from 2 wellbores.
- How much is IRMA worth?
- The remaining production from IRMA is estimated to be worth about $2.5M in total as of 26 August 2026, within a range of $2.1M to $3.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in IRMA is a fraction of it. The estimate fits an Arps decline curve to the production IRMA has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for IRMA is an estimate of value, not an offer and not an appraisal.
- How much income does IRMA generate in a year?
- IRMA is forecast to net about $700K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in IRMA receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | J. W. Resources Inc. |
|---|---|
| Field | East Moore County (Upper Morrow) |
| County | Moore County, Texas |
| RRC district | 10 |
| Lease number | 09794 |
| Wellbores | 2 |
| Reported production | 69,516 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.5M |
Where IRMA 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.