PRESTON, ELIZABETH
PRESTON, ELIZABETH 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 June 2012 to August 2026, totalling 2,549,480 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 $861K, with roughly $147K 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 6,433 thousand cubic feet a month. Its strongest month on the record we hold was September 2017, at 21,416 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 PRESTON, ELIZABETH
- Who operates PRESTON, ELIZABETH?
- PRESTON, ELIZABETH is operated by Devon Energy Production Co, L.P., Railroad Commission of Texas operator number 216378.
- Where is PRESTON, ELIZABETH?
- PRESTON, ELIZABETH is a Texas gas lease in Johnson County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 267019.
- Is PRESTON, ELIZABETH still producing?
- PRESTON, ELIZABETH is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PRESTON, ELIZABETH is August 2026.
- How much has PRESTON, ELIZABETH produced?
- PRESTON, ELIZABETH has reported 2,549,480 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between June 2012 and August 2026, from 1 wellbore.
- How much is PRESTON, ELIZABETH worth?
- The remaining production from PRESTON, ELIZABETH is estimated to be worth about $861K in total as of 26 August 2026, within a range of $715K to $1.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PRESTON, ELIZABETH is a fraction of it. The estimate fits an Arps decline curve to the production PRESTON, ELIZABETH has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PRESTON, ELIZABETH is an estimate of value, not an offer and not an appraisal.
- How much income does PRESTON, ELIZABETH generate in a year?
- PRESTON, ELIZABETH is forecast to net about $147K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PRESTON, ELIZABETH 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 | 267019 |
| Wellbores | 1 |
| Reported production | 2,549,480 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $861K |
Where PRESTON, ELIZABETH 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.