JOHNSON-FEDERAL
JOHNSON-FEDERAL is a Texas oil lease in Gray County, Railroad Commission district 10, operated by Dunigan Operating Company, Inc. It has 7 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 99,956 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 $202K, with roughly $39K 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 51 barrels a month, about 7 per wellbore. Its strongest month on the record we hold was February 2024, at 162 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-FEDERAL
- Who operates JOHNSON-FEDERAL?
- JOHNSON-FEDERAL is operated by Dunigan Operating Company, Inc., Railroad Commission of Texas operator number 233895.
- Where is JOHNSON-FEDERAL?
- JOHNSON-FEDERAL is a Texas oil lease in Gray County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 02299.
- Is JOHNSON-FEDERAL still producing?
- JOHNSON-FEDERAL is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JOHNSON-FEDERAL is August 2026.
- How much has JOHNSON-FEDERAL produced?
- JOHNSON-FEDERAL has reported 99,956 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 7 wellbores.
- How much is JOHNSON-FEDERAL worth?
- The remaining production from JOHNSON-FEDERAL is estimated to be worth about $202K in total as of 27 August 2026, within a range of $111K to $294K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JOHNSON-FEDERAL is a fraction of it. The estimate fits an Arps decline curve to the production JOHNSON-FEDERAL has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JOHNSON-FEDERAL is an estimate of value, not an offer and not an appraisal.
- How much income does JOHNSON-FEDERAL generate in a year?
- JOHNSON-FEDERAL is forecast to net about $39K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in JOHNSON-FEDERAL receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Dunigan Operating Company, Inc. |
|---|---|
| Field | Panhandle Gray County Field |
| County | Gray County, Texas |
| RRC district | 10 |
| Lease number | 02299 |
| Wellbores | 7 |
| Reported production | 99,956 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $202K |
Where JOHNSON-FEDERAL 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.