JIM ED UNIT
JIM ED UNIT is a Texas oil lease in Ward County, Railroad Commission district 08, operated by Pitts Energy Co. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to June 2026, totalling 169,454 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 $1.0M, with roughly $193K 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 300 barrels a month, about 150 per wellbore. Its strongest month on the record we hold was December 2017, at 757 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 JIM ED UNIT
- Who operates JIM ED UNIT?
- JIM ED UNIT is operated by Pitts Energy Co., Railroad Commission of Texas operator number 666430.
- Where is JIM ED UNIT?
- JIM ED UNIT is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 31693.
- Is JIM ED UNIT still producing?
- JIM ED UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JIM ED UNIT is June 2026.
- How much has JIM ED UNIT produced?
- JIM ED UNIT has reported 169,454 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and June 2026, from 2 wellbores.
- How much is JIM ED UNIT worth?
- The remaining production from JIM ED UNIT is estimated to be worth about $1.0M in total as of 26 August 2026, within a range of $818K to $1.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JIM ED UNIT is a fraction of it. The estimate fits an Arps decline curve to the production JIM ED UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JIM ED UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does JIM ED UNIT generate in a year?
- JIM ED UNIT is forecast to net about $193K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in JIM ED UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pitts Energy Co. |
|---|---|
| Field | Scott (Delaware) |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 31693 |
| Wellbores | 2 |
| Reported production | 169,454 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.0M |
Where JIM ED UNIT 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.