JOE FALLS
JOE FALLS is a Texas oil lease in Scurry County, Railroad Commission district 8A, operated by Walker Oil And Gas Ltd. It has 6 wellbores on file with the Commission. Reported production runs from April 2022 to August 2026, totalling 4,103 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 $289K, with roughly $56K 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 70 barrels a month, about 12 per wellbore. Its strongest month on the record we hold was April 2022, at 148 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 JOE FALLS
- Who operates JOE FALLS?
- JOE FALLS is operated by Walker Oil And Gas Ltd, Railroad Commission of Texas operator number 892004.
- Where is JOE FALLS?
- JOE FALLS is a Texas oil lease in Scurry County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 71207.
- Is JOE FALLS still producing?
- JOE FALLS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JOE FALLS is August 2026.
- How much has JOE FALLS produced?
- JOE FALLS has reported 4,103 barrels of oil (bbl) to the Railroad Commission of Texas between April 2022 and August 2026, from 6 wellbores.
- How much is JOE FALLS worth?
- The remaining production from JOE FALLS is estimated to be worth about $289K in total as of 26 August 2026, within a range of $159K to $419K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JOE FALLS is a fraction of it. The estimate fits an Arps decline curve to the production JOE FALLS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JOE FALLS is an estimate of value, not an offer and not an appraisal.
- How much income does JOE FALLS generate in a year?
- JOE FALLS is forecast to net about $56K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in JOE FALLS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Walker Oil And Gas Ltd |
|---|---|
| Field | Sharon Ridge (Clear Fork) |
| County | Scurry County, Texas |
| RRC district | 8A |
| Lease number | 71207 |
| Wellbores | 6 |
| Reported production | 4,103 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $289K |
Where JOE FALLS 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.