PROSPECT CO
PROSPECT CO is a Texas gas lease in Johnson County, Railroad Commission district 09, operated by Devon Energy Production Co, L.P. It has 1 wellbore on file with the Commission. Reported production runs from March 2007 to August 2026, totalling 2,077,202 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 $134K, with roughly $17K 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 697 thousand cubic feet a month. Its strongest month on the record we hold was October 2017, at 12,125 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 PROSPECT CO
- Who operates PROSPECT CO?
- PROSPECT CO is operated by Devon Energy Production Co, L.P., Railroad Commission of Texas operator number 216378.
- Where is PROSPECT CO?
- PROSPECT CO is a Texas gas lease in Johnson County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 228257.
- Is PROSPECT CO still producing?
- PROSPECT CO is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PROSPECT CO is August 2026.
- How much has PROSPECT CO produced?
- PROSPECT CO has reported 2,077,202 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 2007 and August 2026, from 1 wellbore.
- How much is PROSPECT CO worth?
- The remaining production from PROSPECT CO is estimated to be worth about $134K in total as of 26 August 2026, within a range of $104K to $163K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PROSPECT CO is a fraction of it. The estimate fits an Arps decline curve to the production PROSPECT CO has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PROSPECT CO is an estimate of value, not an offer and not an appraisal.
- How much income does PROSPECT CO generate in a year?
- PROSPECT CO is forecast to net about $17K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PROSPECT CO receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Devon Energy Production Co, L.P. |
|---|---|
| Field | Newark, East (Barnett Shale) |
| County | Johnson County, Texas |
| RRC district | 09 |
| Lease number | 228257 |
| Wellbores | 1 |
| Reported production | 2,077,202 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $134K |
Where PROSPECT CO 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.