DEWITT 83
DEWITT 83 is a Texas oil lease in Ochiltree County, Railroad Commission district 10, operated by Jones Energy, Ltd. It has 2 wellbores on file with the Commission. Reported production runs from May 2011 to August 2026, totalling 23,857 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 $501K, with roughly $85K 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 86 barrels a month, about 43 per wellbore. Its strongest month on the record we hold was August 2022, at 301 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 DEWITT 83
- Who operates DEWITT 83?
- DEWITT 83 is operated by Jones Energy, Ltd., Railroad Commission of Texas operator number 441129.
- Where is DEWITT 83?
- DEWITT 83 is a Texas oil lease in Ochiltree County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 08232.
- Is DEWITT 83 still producing?
- DEWITT 83 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DEWITT 83 is August 2026.
- How much has DEWITT 83 produced?
- DEWITT 83 has reported 23,857 barrels of oil (bbl) to the Railroad Commission of Texas between May 2011 and August 2026, from 2 wellbores.
- How much is DEWITT 83 worth?
- The remaining production from DEWITT 83 is estimated to be worth about $501K in total as of 26 August 2026, within a range of $276K to $727K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DEWITT 83 is a fraction of it. The estimate fits an Arps decline curve to the production DEWITT 83 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DEWITT 83 is an estimate of value, not an offer and not an appraisal.
- How much income does DEWITT 83 generate in a year?
- DEWITT 83 is forecast to net about $85K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in DEWITT 83 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Jones Energy, Ltd. |
|---|---|
| Field | Pan Petro (Cleveland) |
| County | Ochiltree County, Texas |
| RRC district | 10 |
| Lease number | 08232 |
| Wellbores | 2 |
| Reported production | 23,857 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $501K |
Where DEWITT 83 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.