JAPSON 12B
JAPSON 12B is a Texas oil lease in Reagan County, Railroad Commission district 7C, operated by Conocophillips Company. It has 1 wellbore on file with the Commission. Reported production runs from September 2025 to August 2026, totalling 92,759 barrels. The lease is intermittent. 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 $86.8M, with roughly $19.1M 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 9,330 barrels a month. Its strongest month on the record we hold was March 2026, at 30,733 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 JAPSON 12B
- Who operates JAPSON 12B?
- JAPSON 12B is operated by Conocophillips Company, Railroad Commission of Texas operator number 172232.
- Where is JAPSON 12B?
- JAPSON 12B is a Texas oil lease in Reagan County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 23347.
- Is JAPSON 12B still producing?
- JAPSON 12B is intermittent. The most recent month of production reported to the Railroad Commission of Texas for JAPSON 12B is August 2026.
- How much has JAPSON 12B produced?
- JAPSON 12B has reported 92,759 barrels of oil (bbl) to the Railroad Commission of Texas between September 2025 and August 2026, from 1 wellbore.
- How much is JAPSON 12B worth?
- The remaining production from JAPSON 12B is estimated to be worth about $86.8M in total as of 27 August 2026, within a range of $72.0M to $101.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JAPSON 12B is a fraction of it. The estimate fits an Arps decline curve to the production JAPSON 12B has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JAPSON 12B is an estimate of value, not an offer and not an appraisal.
- How much income does JAPSON 12B generate in a year?
- JAPSON 12B is forecast to net about $19.1M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in JAPSON 12B receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Conocophillips Company |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Reagan County, Texas |
| RRC district | 7C |
| Lease number | 23347 |
| Wellbores | 1 |
| Reported production | 92,759 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $86.8M |
Where JAPSON 12B 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.