J&M
J&M is a Texas oil lease in Runnels County, Railroad Commission district 7C, operated by G & F Oil, Inc. It has 1 wellbore on file with the Commission. Reported production runs from November 2013 to August 2026, totalling 9,301 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 $88K, with roughly $17K 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 18 barrels a month. Its strongest month on the record we hold was May 2017, at 105 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 J&M
- Who operates J&M?
- J&M is operated by G & F Oil, Inc., Railroad Commission of Texas operator number 292000.
- Where is J&M?
- J&M is a Texas oil lease in Runnels County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 18379.
- Is J&M still producing?
- J&M is currently producing. The most recent month of production reported to the Railroad Commission of Texas for J&M is August 2026.
- How much has J&M produced?
- J&M has reported 9,301 barrels of oil (bbl) to the Railroad Commission of Texas between November 2013 and August 2026, from 1 wellbore.
- How much is J&M worth?
- The remaining production from J&M is estimated to be worth about $88K in total as of 26 August 2026, within a range of $48K to $128K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in J&M is a fraction of it. The estimate fits an Arps decline curve to the production J&M has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for J&M is an estimate of value, not an offer and not an appraisal.
- How much income does J&M generate in a year?
- J&M is forecast to net about $17K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in J&M receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | G & F Oil, Inc. |
|---|---|
| Field | Jimmie (Cross Cut) |
| County | Runnels County, Texas |
| RRC district | 7C |
| Lease number | 18379 |
| Wellbores | 1 |
| Reported production | 9,301 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $88K |
Where J&M 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.