JWG L2
JWG L2 is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Henry Petroleum LP. It has 4 wellbores on file with the Commission. Reported production runs from July 2007 to August 2026, totalling 137,107 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 $636K, with roughly $132K 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 216 barrels a month, about 54 per wellbore. Its strongest month on the record we hold was January 2026, at 426 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 JWG L2
- Who operates JWG L2?
- JWG L2 is operated by Henry Petroleum LP, Railroad Commission of Texas operator number 378642.
- Where is JWG L2?
- JWG L2 is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 16313.
- Is JWG L2 still producing?
- JWG L2 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JWG L2 is August 2026.
- How much has JWG L2 produced?
- JWG L2 has reported 137,107 barrels of oil (bbl) to the Railroad Commission of Texas between July 2007 and August 2026, from 4 wellbores.
- How much is JWG L2 worth?
- The remaining production from JWG L2 is estimated to be worth about $636K in total as of 27 August 2026, within a range of $496K to $776K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JWG L2 is a fraction of it. The estimate fits an Arps decline curve to the production JWG L2 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JWG L2 is an estimate of value, not an offer and not an appraisal.
- How much income does JWG L2 generate in a year?
- JWG L2 is forecast to net about $132K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in JWG L2 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Henry Petroleum LP |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 16313 |
| Wellbores | 4 |
| Reported production | 137,107 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $636K |
Where JWG L2 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.