GUITAR
GUITAR is a Texas oil lease in Ward County, Railroad Commission district 08, operated by Jetta Operating Company, Inc. It has 2 wellbores on file with the Commission. Reported production runs from October 2021 to August 2026, totalling 235,756 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 $5.8M, 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 2,087 barrels a month, about 1,044 per wellbore. Its strongest month on the record we hold was January 2022, at 11,202 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 GUITAR
- Who operates GUITAR?
- GUITAR is operated by Jetta Operating Company, Inc., Railroad Commission of Texas operator number 432283.
- Where is GUITAR?
- GUITAR is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 56571.
- Is GUITAR still producing?
- GUITAR is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GUITAR is August 2026.
- How much has GUITAR produced?
- GUITAR has reported 235,756 barrels of oil (bbl) to the Railroad Commission of Texas between October 2021 and August 2026, from 2 wellbores.
- How much is GUITAR worth?
- The remaining production from GUITAR is estimated to be worth about $5.8M in total as of 27 August 2026, within a range of $4.8M to $6.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GUITAR is a fraction of it. The estimate fits an Arps decline curve to the production GUITAR has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GUITAR is an estimate of value, not an offer and not an appraisal.
- How much income does GUITAR generate in a year?
- GUITAR 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 GUITAR receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Jetta Operating Company, Inc. |
|---|---|
| Field | Collie (Delaware) |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 56571 |
| Wellbores | 2 |
| Reported production | 235,756 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $5.8M |
Where GUITAR 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.