JOHNSON 54-2-26 LOV W UNIT

JOHNSON 54-2-26 LOV W UNIT is a Texas oil lease in Loving County, Railroad Commission district 08, operated by Shell Western E&P. It has 2 wellbores on file with the Commission. Reported production runs from July 2017 to August 2026, totalling 471,442 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 $3.3M, with roughly $1.5M 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 2,079 barrels a month, about 1,040 per wellbore. Its strongest month on the record we hold was August 2018, at 20,120 barrels. 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 54-2-26 LOV W UNIT

Who operates JOHNSON 54-2-26 LOV W UNIT?: JOHNSON 54-2-26 LOV W UNIT is operated by Shell Western E&P, Railroad Commission of Texas operator number 774719.
Where is JOHNSON 54-2-26 LOV W UNIT?: JOHNSON 54-2-26 LOV W UNIT is a Texas oil lease in Loving County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 49538.
Is JOHNSON 54-2-26 LOV W UNIT still producing?: JOHNSON 54-2-26 LOV W UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JOHNSON 54-2-26 LOV W UNIT is August 2026.
How much has JOHNSON 54-2-26 LOV W UNIT produced?: JOHNSON 54-2-26 LOV W UNIT has reported 471,442 barrels of oil (bbl) to the Railroad Commission of Texas between July 2017 and August 2026, from 2 wellbores.
How much is JOHNSON 54-2-26 LOV W UNIT worth?: The remaining production from JOHNSON 54-2-26 LOV W UNIT is estimated to be worth about $3.3M in total as of 26 August 2026, within a range of $2.7M to $3.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JOHNSON 54-2-26 LOV W UNIT is a fraction of it. The estimate fits an Arps decline curve to the production JOHNSON 54-2-26 LOV W UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JOHNSON 54-2-26 LOV W UNIT is an estimate of value, not an offer and not an appraisal.
How much income does JOHNSON 54-2-26 LOV W UNIT generate in a year?: JOHNSON 54-2-26 LOV W UNIT is forecast to net about $1.5M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in JOHNSON 54-2-26 LOV W UNIT receives a fraction of that, set by the decimal interest printed on their check stub.

Lease record

JOHNSON 54-2-26 LOV W UNIT as filed with the Railroad Commission of Texas
Operator	Shell Western E&P
Field	Phantom (Wolfcamp)
County	Loving County, Texas
RRC district	08
Lease number	49538
Wellbores	2
Reported production	471,442 bbl
First reported	July 2017
Last reported	August 2026
Estimated royalty value	$3.3M

Where JOHNSON 54-2-26 LOV W UNIT sits

Source: Railroad Commission of Texas lease production records, complete through August 2026. Figures on this page were computed on 26 August 2026.

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.