JOHNSON-STATE
JOHNSON-STATE is a Texas oil lease in Crane County, Railroad Commission district 08, operated by Southland Royalty Company. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 106,446 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 $601K, with roughly $113K 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 186 barrels a month, about 93 per wellbore. Its strongest month on the record we hold was November 2019, at 516 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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-STATE
- Who operates JOHNSON-STATE?
- JOHNSON-STATE is operated by Southland Royalty Company, Railroad Commission of Texas operator number 805630.
- Where is JOHNSON-STATE?
- JOHNSON-STATE is a Texas oil lease in Crane County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 05268.
- Is JOHNSON-STATE still producing?
- JOHNSON-STATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JOHNSON-STATE is August 2026.
- How much has JOHNSON-STATE produced?
- JOHNSON-STATE has reported 106,446 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is JOHNSON-STATE worth?
- The remaining production from JOHNSON-STATE is estimated to be worth about $601K in total as of 26 August 2026, within a range of $469K to $734K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JOHNSON-STATE is a fraction of it. The estimate fits an Arps decline curve to the production JOHNSON-STATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JOHNSON-STATE is an estimate of value, not an offer and not an appraisal.
- How much income does JOHNSON-STATE generate in a year?
- JOHNSON-STATE is forecast to net about $113K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in JOHNSON-STATE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Southland Royalty Company |
|---|---|
| Field | Sand Hills (Mcknight) |
| County | Crane County, Texas |
| RRC district | 08 |
| Lease number | 05268 |
| Wellbores | 2 |
| Reported production | 106,446 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $601K |
Where JOHNSON-STATE 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.