JOHNSON 54-2-26 LOV E UNIT
JOHNSON 54-2-26 LOV E UNIT is a Texas oil lease in Loving County, Railroad Commission district 08, operated by Shell Western E&P. It has 1 wellbore on file with the Commission. Reported production runs from September 2017 to August 2026, totalling 490,245 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 $733K, with roughly $553K 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 1,866 barrels a month. Its strongest month on the record we hold was October 2018, at 18,532 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 E UNIT
- Who operates JOHNSON 54-2-26 LOV E UNIT?
- JOHNSON 54-2-26 LOV E UNIT is operated by Shell Western E&P, Railroad Commission of Texas operator number 774719.
- Where is JOHNSON 54-2-26 LOV E UNIT?
- JOHNSON 54-2-26 LOV E UNIT is a Texas oil lease in Loving County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 49617.
- Is JOHNSON 54-2-26 LOV E UNIT still producing?
- JOHNSON 54-2-26 LOV E UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JOHNSON 54-2-26 LOV E UNIT is August 2026.
- How much has JOHNSON 54-2-26 LOV E UNIT produced?
- JOHNSON 54-2-26 LOV E UNIT has reported 490,245 barrels of oil (bbl) to the Railroad Commission of Texas between September 2017 and August 2026, from 1 wellbore.
- How much is JOHNSON 54-2-26 LOV E UNIT worth?
- The remaining production from JOHNSON 54-2-26 LOV E UNIT is estimated to be worth about $733K in total as of 26 August 2026, within a range of $608K to $857K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JOHNSON 54-2-26 LOV E UNIT is a fraction of it. The estimate fits an Arps decline curve to the production JOHNSON 54-2-26 LOV E 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 E UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does JOHNSON 54-2-26 LOV E UNIT generate in a year?
- JOHNSON 54-2-26 LOV E UNIT is forecast to net about $553K 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 E UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Shell Western E&P |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Loving County, Texas |
| RRC district | 08 |
| Lease number | 49617 |
| Wellbores | 1 |
| Reported production | 490,245 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $733K |
Where JOHNSON 54-2-26 LOV E UNIT 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.