JOSHUA 32-51 K
JOSHUA 32-51 K 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 316,520 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 $3.5M, with roughly $1.3M 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 1,884 barrels a month. Its strongest month on the record we hold was October 2022, at 29,210 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 K
- Who operates JOSHUA 32-51 K?
- JOSHUA 32-51 K is operated by Henry Resources LLC, Railroad Commission of Texas operator number 378535.
- Where is JOSHUA 32-51 K?
- JOSHUA 32-51 K is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 21598.
- Is JOSHUA 32-51 K still producing?
- JOSHUA 32-51 K is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JOSHUA 32-51 K is August 2026.
- How much has JOSHUA 32-51 K produced?
- JOSHUA 32-51 K has reported 316,520 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 K worth?
- The remaining production from JOSHUA 32-51 K is estimated to be worth about $3.5M in total as of 27 August 2026, within a range of $2.9M to $4.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JOSHUA 32-51 K is a fraction of it. The estimate fits an Arps decline curve to the production JOSHUA 32-51 K 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 K is an estimate of value, not an offer and not an appraisal.
- How much income does JOSHUA 32-51 K generate in a year?
- JOSHUA 32-51 K is forecast to net about $1.3M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in JOSHUA 32-51 K 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 | 21598 |
| Wellbores | 1 |
| Reported production | 316,520 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.5M |
Where JOSHUA 32-51 K 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.