JOHNSTON-OSAGE UNIT B
JOHNSTON-OSAGE UNIT B is a Texas oil lease in Frio County, Railroad Commission district 01, operated by Texas American Resources Company. It has 1 wellbore on file with the Commission. Reported production runs from October 2014 to August 2026, totalling 42,391 barrels. 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 $239K, with roughly $46K 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 67 barrels a month. Its strongest month on the record we hold was December 2023, at 515 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 JOHNSTON-OSAGE UNIT B
- Who operates JOHNSTON-OSAGE UNIT B?
- JOHNSTON-OSAGE UNIT B is operated by Texas American Resources Company, Railroad Commission of Texas operator number 844344.
- Where is JOHNSTON-OSAGE UNIT B?
- JOHNSTON-OSAGE UNIT B is a Texas oil lease in Frio County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 18312.
- Is JOHNSTON-OSAGE UNIT B still producing?
- JOHNSTON-OSAGE UNIT B is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JOHNSTON-OSAGE UNIT B is August 2026.
- How much has JOHNSTON-OSAGE UNIT B produced?
- JOHNSTON-OSAGE UNIT B has reported 42,391 barrels of oil (bbl) to the Railroad Commission of Texas between October 2014 and August 2026, from 1 wellbore.
- How much is JOHNSTON-OSAGE UNIT B worth?
- The remaining production from JOHNSTON-OSAGE UNIT B is estimated to be worth about $239K in total as of 26 August 2026, within a range of $131K to $347K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JOHNSTON-OSAGE UNIT B is a fraction of it. The estimate fits an Arps decline curve to the production JOHNSTON-OSAGE UNIT B has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JOHNSTON-OSAGE UNIT B is an estimate of value, not an offer and not an appraisal.
- How much income does JOHNSTON-OSAGE UNIT B generate in a year?
- JOHNSTON-OSAGE UNIT B is forecast to net about $46K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in JOHNSTON-OSAGE UNIT B receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Texas American Resources Company |
|---|---|
| Field | Pearsall (Austin Chalk) |
| County | Frio County, Texas |
| RRC district | 01 |
| Lease number | 18312 |
| Wellbores | 1 |
| Reported production | 42,391 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $239K |
Where JOHNSTON-OSAGE UNIT B 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.