IBEX-J
IBEX-J is a Texas oil lease in Stephens County, Railroad Commission district 7B, operated by Pendragon Oil Co. It has 1 wellbore on file with the Commission. Reported production runs from April 2017 to August 2026, totalling 4,699 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 $152K, with roughly $25K 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 27 barrels a month. Its strongest month on the record we hold was April 2017, at 573 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 IBEX-J
- Who operates IBEX-J?
- IBEX-J is operated by Pendragon Oil Co., Railroad Commission of Texas operator number 651162.
- Where is IBEX-J?
- IBEX-J is a Texas oil lease in Stephens County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 32119.
- Is IBEX-J still producing?
- IBEX-J is currently producing. The most recent month of production reported to the Railroad Commission of Texas for IBEX-J is August 2026.
- How much has IBEX-J produced?
- IBEX-J has reported 4,699 barrels of oil (bbl) to the Railroad Commission of Texas between April 2017 and August 2026, from 1 wellbore.
- How much is IBEX-J worth?
- The remaining production from IBEX-J is estimated to be worth about $152K in total as of 26 August 2026, within a range of $83K to $220K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in IBEX-J is a fraction of it. The estimate fits an Arps decline curve to the production IBEX-J has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for IBEX-J is an estimate of value, not an offer and not an appraisal.
- How much income does IBEX-J generate in a year?
- IBEX-J is forecast to net about $25K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in IBEX-J receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pendragon Oil Co. |
|---|---|
| Field | Ibex (Caddo Lime) |
| County | Stephens County, Texas |
| RRC district | 7B |
| Lease number | 32119 |
| Wellbores | 1 |
| Reported production | 4,699 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $152K |
Where IBEX-J 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.