JONES
JONES is a Texas oil lease in Smith County, Railroad Commission district 06, operated by Ellis Exploration, Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 2019 to August 2026, totalling 9,167 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 $270K, with roughly $52K 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 73 barrels a month. Its strongest month on the record we hold was February 2019, at 238 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 JONES
- Who operates JONES?
- JONES is operated by Ellis Exploration, Inc., Railroad Commission of Texas operator number 248895.
- Where is JONES?
- JONES is a Texas oil lease in Smith County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 15648.
- Is JONES still producing?
- JONES is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JONES is August 2026.
- How much has JONES produced?
- JONES has reported 9,167 barrels of oil (bbl) to the Railroad Commission of Texas between January 2019 and August 2026, from 1 wellbore.
- How much is JONES worth?
- The remaining production from JONES is estimated to be worth about $270K in total as of 26 August 2026, within a range of $149K to $392K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JONES is a fraction of it. The estimate fits an Arps decline curve to the production JONES has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JONES is an estimate of value, not an offer and not an appraisal.
- How much income does JONES generate in a year?
- JONES is forecast to net about $52K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in JONES receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ellis Exploration, Inc. |
|---|---|
| Field | Chapel Hill (Rodessa) |
| County | Smith County, Texas |
| RRC district | 06 |
| Lease number | 15648 |
| Wellbores | 1 |
| Reported production | 9,167 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $270K |
Where JONES 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.