JERNIGAN HEIRS
JERNIGAN HEIRS is a Texas oil lease in Smith County, Railroad Commission district 06, operated by Jackson, Jeral W. Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 8,467 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 $56K, 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 11 barrels a month. Its strongest month on the record we hold was January 2020, at 39 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 JERNIGAN HEIRS
- Who operates JERNIGAN HEIRS?
- JERNIGAN HEIRS is operated by Jackson, Jeral W. Inc., Railroad Commission of Texas operator number 429220.
- Where is JERNIGAN HEIRS?
- JERNIGAN HEIRS is a Texas oil lease in Smith County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 05299.
- Is JERNIGAN HEIRS still producing?
- JERNIGAN HEIRS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JERNIGAN HEIRS is August 2026.
- How much has JERNIGAN HEIRS produced?
- JERNIGAN HEIRS has reported 8,467 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is JERNIGAN HEIRS worth?
- The remaining production from JERNIGAN HEIRS is estimated to be worth about $56K in total as of 26 August 2026, within a range of $31K to $82K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JERNIGAN HEIRS is a fraction of it. The estimate fits an Arps decline curve to the production JERNIGAN HEIRS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JERNIGAN HEIRS is an estimate of value, not an offer and not an appraisal.
- How much income does JERNIGAN HEIRS generate in a year?
- JERNIGAN HEIRS 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 JERNIGAN HEIRS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Jackson, Jeral W. Inc. |
|---|---|
| Field | Wright Mountain (Pettit, Lower) |
| County | Smith County, Texas |
| RRC district | 06 |
| Lease number | 05299 |
| Wellbores | 1 |
| Reported production | 8,467 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $56K |
Where JERNIGAN HEIRS 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.