JOANN 15 UNIT
JOANN 15 UNIT is a Texas oil lease in Scurry County, Railroad Commission district 08, operated by Strawn Petroleum Operating, LLC. It has 1 wellbore on file with the Commission. Reported production runs from January 2021 to August 2026, totalling 226,343 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 $2.0M, with roughly $596K 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 1,017 barrels a month. Its strongest month on the record we hold was May 2021, at 18,128 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 JOANN 15 UNIT
- Who operates JOANN 15 UNIT?
- JOANN 15 UNIT is operated by Strawn Petroleum Operating, LLC, Railroad Commission of Texas operator number 825820.
- Where is JOANN 15 UNIT?
- JOANN 15 UNIT is a Texas oil lease in Scurry County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 55701.
- Is JOANN 15 UNIT still producing?
- JOANN 15 UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JOANN 15 UNIT is August 2026.
- How much has JOANN 15 UNIT produced?
- JOANN 15 UNIT has reported 226,343 barrels of oil (bbl) to the Railroad Commission of Texas between January 2021 and August 2026, from 1 wellbore.
- How much is JOANN 15 UNIT worth?
- The remaining production from JOANN 15 UNIT is estimated to be worth about $2.0M in total as of 26 August 2026, within a range of $1.6M to $2.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JOANN 15 UNIT is a fraction of it. The estimate fits an Arps decline curve to the production JOANN 15 UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JOANN 15 UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does JOANN 15 UNIT generate in a year?
- JOANN 15 UNIT is forecast to net about $596K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in JOANN 15 UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Strawn Petroleum Operating, LLC |
|---|---|
| Field | Garden City, S. (Wolfcamp) |
| County | Scurry County, Texas |
| RRC district | 08 |
| Lease number | 55701 |
| Wellbores | 1 |
| Reported production | 226,343 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.0M |
Where JOANN 15 UNIT 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.