JOSH 201-202 UNIT
JOSH 201-202 UNIT is a Texas gas lease in Ward County, Railroad Commission district 08, operated by Permian Resources Operating, LLC. It has 1 wellbore on file with the Commission. Reported production runs from March 2025 to August 2026, totalling 615,198 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 $3.6M, with roughly $2.3M 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 50,082 thousand cubic feet a month. Its strongest month on the record we hold was July 2025, at 126,529 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 18% 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 JOSH 201-202 UNIT
- Who operates JOSH 201-202 UNIT?
- JOSH 201-202 UNIT is operated by Permian Resources Operating, LLC, Railroad Commission of Texas operator number 100852.
- Where is JOSH 201-202 UNIT?
- JOSH 201-202 UNIT is a Texas gas lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 299510.
- Is JOSH 201-202 UNIT still producing?
- JOSH 201-202 UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JOSH 201-202 UNIT is August 2026.
- How much has JOSH 201-202 UNIT produced?
- JOSH 201-202 UNIT has reported 615,198 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 2025 and August 2026, from 1 wellbore.
- How much is JOSH 201-202 UNIT worth?
- The remaining production from JOSH 201-202 UNIT is estimated to be worth about $3.6M in total as of 26 August 2026, within a range of $3.0M to $4.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JOSH 201-202 UNIT is a fraction of it. The estimate fits an Arps decline curve to the production JOSH 201-202 UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JOSH 201-202 UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does JOSH 201-202 UNIT generate in a year?
- JOSH 201-202 UNIT is forecast to net about $2.3M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in JOSH 201-202 UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Permian Resources Operating, LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 299510 |
| Wellbores | 1 |
| Reported production | 615,198 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.6M |
Where JOSH 201-202 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.