JOSHUA 32-51 J
JOSHUA 32-51 J is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Henry Resources LLC. It has 1 wellbore on file with the Commission. Reported production runs from February 2022 to August 2026, totalling 269,411 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 $2.1M, with roughly $959K 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 1,499 barrels a month. Its strongest month on the record we hold was March 2022, at 25,327 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 J
- Who operates JOSHUA 32-51 J?
- JOSHUA 32-51 J is operated by Henry Resources LLC, Railroad Commission of Texas operator number 378535.
- Where is JOSHUA 32-51 J?
- JOSHUA 32-51 J is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 21612.
- Is JOSHUA 32-51 J still producing?
- JOSHUA 32-51 J is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JOSHUA 32-51 J is August 2026.
- How much has JOSHUA 32-51 J produced?
- JOSHUA 32-51 J has reported 269,411 barrels of oil (bbl) to the Railroad Commission of Texas between February 2022 and August 2026, from 1 wellbore.
- How much is JOSHUA 32-51 J worth?
- The remaining production from JOSHUA 32-51 J is estimated to be worth about $2.1M in total as of 27 August 2026, within a range of $1.7M to $2.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JOSHUA 32-51 J is a fraction of it. The estimate fits an Arps decline curve to the production JOSHUA 32-51 J 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 J is an estimate of value, not an offer and not an appraisal.
- How much income does JOSHUA 32-51 J generate in a year?
- JOSHUA 32-51 J is forecast to net about $959K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in JOSHUA 32-51 J 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 | 21612 |
| Wellbores | 1 |
| Reported production | 269,411 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.1M |
Where JOSHUA 32-51 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.