JONES 120
JONES 120 is a Texas gas lease in Sutton County, Railroad Commission district 7C, operated by American Exploration Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 219,240 thousand cubic feet. 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 $29K, with roughly $4K 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 155 thousand cubic feet a month. Its strongest month on the record we hold was July 2016, at 826 thousand cubic feet. 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 JONES 120
- Who operates JONES 120?
- JONES 120 is operated by American Exploration Company, Railroad Commission of Texas operator number 018023.
- Where is JONES 120?
- JONES 120 is a Texas gas lease in Sutton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 126035.
- Is JONES 120 still producing?
- JONES 120 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JONES 120 is August 2026.
- How much has JONES 120 produced?
- JONES 120 has reported 219,240 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is JONES 120 worth?
- The remaining production from JONES 120 is estimated to be worth about $29K in total as of 27 August 2026, within a range of $22K to $35K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JONES 120 is a fraction of it. The estimate fits an Arps decline curve to the production JONES 120 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JONES 120 is an estimate of value, not an offer and not an appraisal.
- How much income does JONES 120 generate in a year?
- JONES 120 is forecast to net about $4K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in JONES 120 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | American Exploration Company |
|---|---|
| Field | Sawyer (Canyon) |
| County | Sutton County, Texas |
| RRC district | 7C |
| Lease number | 126035 |
| Wellbores | 1 |
| Reported production | 219,240 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $29K |
Where JONES 120 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.