GULF-JOHNSON
GULF-JOHNSON is a Texas gas lease in Hutchinson County, Railroad Commission district 10, operated by Whitlock, J.R. Operator. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 538,670 thousand cubic feet. 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 $25K, with roughly $4K 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 219 thousand cubic feet a month. Its strongest month on the record we hold was December 2022, at 1,564 thousand cubic feet. 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 GULF-JOHNSON
- Who operates GULF-JOHNSON?
- GULF-JOHNSON is operated by Whitlock, J.R. Operator, Railroad Commission of Texas operator number 920493.
- Where is GULF-JOHNSON?
- GULF-JOHNSON is a Texas gas lease in Hutchinson County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 025241.
- Is GULF-JOHNSON still producing?
- GULF-JOHNSON is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GULF-JOHNSON is August 2026.
- How much has GULF-JOHNSON produced?
- GULF-JOHNSON has reported 538,670 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is GULF-JOHNSON worth?
- The remaining production from GULF-JOHNSON is estimated to be worth about $25K in total as of 26 August 2026, within a range of $19K to $30K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GULF-JOHNSON is a fraction of it. The estimate fits an Arps decline curve to the production GULF-JOHNSON has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GULF-JOHNSON is an estimate of value, not an offer and not an appraisal.
- How much income does GULF-JOHNSON generate in a year?
- GULF-JOHNSON is forecast to net about $4K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GULF-JOHNSON receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Whitlock, J.R. Operator |
|---|---|
| Field | Panhandle, West |
| County | Hutchinson County, Texas |
| RRC district | 10 |
| Lease number | 025241 |
| Wellbores | 1 |
| Reported production | 538,670 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $25K |
Where GULF-JOHNSON 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.