JOHNSON, L. B. ESTATE
JOHNSON, L. B. ESTATE is a Texas gas lease in Wise 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 April 2008 to August 2026, totalling 2,086,476 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 $755K, with roughly $115K 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 4,866 thousand cubic feet a month. Its strongest month on the record we hold was December 2017, at 10,490 thousand cubic feet. 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 JOHNSON, L. B. ESTATE
- Who operates JOHNSON, L. B. ESTATE?
- JOHNSON, L. B. ESTATE is operated by Devon Energy Production Co, L.P., Railroad Commission of Texas operator number 216378.
- Where is JOHNSON, L. B. ESTATE?
- JOHNSON, L. B. ESTATE is a Texas gas lease in Wise County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 239013.
- Is JOHNSON, L. B. ESTATE still producing?
- JOHNSON, L. B. ESTATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JOHNSON, L. B. ESTATE is August 2026.
- How much has JOHNSON, L. B. ESTATE produced?
- JOHNSON, L. B. ESTATE has reported 2,086,476 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between April 2008 and August 2026, from 1 wellbore.
- How much is JOHNSON, L. B. ESTATE worth?
- The remaining production from JOHNSON, L. B. ESTATE is estimated to be worth about $755K in total as of 26 August 2026, within a range of $626K to $883K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JOHNSON, L. B. ESTATE is a fraction of it. The estimate fits an Arps decline curve to the production JOHNSON, L. B. ESTATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JOHNSON, L. B. ESTATE is an estimate of value, not an offer and not an appraisal.
- How much income does JOHNSON, L. B. ESTATE generate in a year?
- JOHNSON, L. B. ESTATE is forecast to net about $115K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in JOHNSON, L. B. ESTATE 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 | Wise County, Texas |
| RRC district | 09 |
| Lease number | 239013 |
| Wellbores | 1 |
| Reported production | 2,086,476 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $755K |
Where JOHNSON, L. B. ESTATE 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.