JWG M2
JWG M2 is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Cog Operating LLC. It has 2 wellbores on file with the Commission. Reported production runs from October 2010 to August 2026, totalling 78,403 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 $410K, with roughly $66K 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 54 barrels a month, about 27 per wellbore. Its strongest month on the record we hold was April 2018, at 273 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 JWG M2
- Who operates JWG M2?
- JWG M2 is operated by Cog Operating LLC, Railroad Commission of Texas operator number 166150.
- Where is JWG M2?
- JWG M2 is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 17505.
- Is JWG M2 still producing?
- JWG M2 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JWG M2 is August 2026.
- How much has JWG M2 produced?
- JWG M2 has reported 78,403 barrels of oil (bbl) to the Railroad Commission of Texas between October 2010 and August 2026, from 2 wellbores.
- How much is JWG M2 worth?
- The remaining production from JWG M2 is estimated to be worth about $410K in total as of 26 August 2026, within a range of $225K to $594K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JWG M2 is a fraction of it. The estimate fits an Arps decline curve to the production JWG M2 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JWG M2 is an estimate of value, not an offer and not an appraisal.
- How much income does JWG M2 generate in a year?
- JWG M2 is forecast to net about $66K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in JWG M2 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cog Operating LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 17505 |
| Wellbores | 2 |
| Reported production | 78,403 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $410K |
Where JWG M2 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.