JAMES
JAMES is a Texas gas lease in Rusk County, Railroad Commission district 06, operated by GMT Inc. It has 1 wellbore on file with the Commission. Reported production runs from October 1997 to August 2026, totalling 456,257 thousand cubic feet. 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 $67K, with roughly $11K 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 539 thousand cubic feet a month. Its strongest month on the record we hold was May 2018, at 1,217 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 22% 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 JAMES
- Who operates JAMES?
- JAMES is operated by GMT Inc., Railroad Commission of Texas operator number 311407.
- Where is JAMES?
- JAMES is a Texas gas lease in Rusk County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 168398.
- Is JAMES still producing?
- JAMES is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JAMES is August 2026.
- How much has JAMES produced?
- JAMES has reported 456,257 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between October 1997 and August 2026, from 1 wellbore.
- How much is JAMES worth?
- The remaining production from JAMES is estimated to be worth about $67K in total as of 26 August 2026, within a range of $52K to $82K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JAMES is a fraction of it. The estimate fits an Arps decline curve to the production JAMES has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JAMES is an estimate of value, not an offer and not an appraisal.
- How much income does JAMES generate in a year?
- JAMES is forecast to net about $11K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in JAMES receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | GMT Inc. |
|---|---|
| Field | Shiloh (Travis Peak) |
| County | Rusk County, Texas |
| RRC district | 06 |
| Lease number | 168398 |
| Wellbores | 1 |
| Reported production | 456,257 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $67K |
Where JAMES 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.