JOHNSON 198
JOHNSON 198 is a Texas oil lease in Fisher County, Railroad Commission district 7B, operated by Sojourner Drilling Corporation. It has 3 wellbores on file with the Commission. Reported production runs from December 2009 to August 2026, totalling 19,054 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 $125K, with roughly $24K 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 43 barrels a month, about 14 per wellbore. Its strongest month on the record we hold was November 2019, at 362 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 JOHNSON 198
- Who operates JOHNSON 198?
- JOHNSON 198 is operated by Sojourner Drilling Corporation, Railroad Commission of Texas operator number 800750.
- Where is JOHNSON 198?
- JOHNSON 198 is a Texas oil lease in Fisher County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 31193.
- Is JOHNSON 198 still producing?
- JOHNSON 198 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JOHNSON 198 is August 2026.
- How much has JOHNSON 198 produced?
- JOHNSON 198 has reported 19,054 barrels of oil (bbl) to the Railroad Commission of Texas between December 2009 and August 2026, from 3 wellbores.
- How much is JOHNSON 198 worth?
- The remaining production from JOHNSON 198 is estimated to be worth about $125K in total as of 26 August 2026, within a range of $69K to $182K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JOHNSON 198 is a fraction of it. The estimate fits an Arps decline curve to the production JOHNSON 198 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JOHNSON 198 is an estimate of value, not an offer and not an appraisal.
- How much income does JOHNSON 198 generate in a year?
- JOHNSON 198 is forecast to net about $24K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in JOHNSON 198 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Sojourner Drilling Corporation |
|---|---|
| Field | Five-N (Canyon Sand) |
| County | Fisher County, Texas |
| RRC district | 7B |
| Lease number | 31193 |
| Wellbores | 3 |
| Reported production | 19,054 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $125K |
Where JOHNSON 198 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.