JOSHUA 32-51 C
JOSHUA 32-51 C is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Henry Resources LLC. It has 2 wellbores on file with the Commission. Reported production runs from August 2019 to August 2026, totalling 578,988 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 $6.4M, with roughly $1.5M 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 1,980 barrels a month, about 990 per wellbore. Its strongest month on the record we hold was August 2020, at 39,087 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 JOSHUA 32-51 C
- Who operates JOSHUA 32-51 C?
- JOSHUA 32-51 C is operated by Henry Resources LLC, Railroad Commission of Texas operator number 378535.
- Where is JOSHUA 32-51 C?
- JOSHUA 32-51 C is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 20844.
- Is JOSHUA 32-51 C still producing?
- JOSHUA 32-51 C is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JOSHUA 32-51 C is August 2026.
- How much has JOSHUA 32-51 C produced?
- JOSHUA 32-51 C has reported 578,988 barrels of oil (bbl) to the Railroad Commission of Texas between August 2019 and August 2026, from 2 wellbores.
- How much is JOSHUA 32-51 C worth?
- The remaining production from JOSHUA 32-51 C is estimated to be worth about $6.4M in total as of 27 August 2026, within a range of $5.3M to $7.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JOSHUA 32-51 C is a fraction of it. The estimate fits an Arps decline curve to the production JOSHUA 32-51 C has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JOSHUA 32-51 C is an estimate of value, not an offer and not an appraisal.
- How much income does JOSHUA 32-51 C generate in a year?
- JOSHUA 32-51 C is forecast to net about $1.5M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in JOSHUA 32-51 C receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Henry Resources LLC |
|---|---|
| Field | Spraberry (Trend Area) R 40 Exc |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 20844 |
| Wellbores | 2 |
| Reported production | 578,988 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $6.4M |
Where JOSHUA 32-51 C 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.