FRANKS, DAVID RAY
FRANKS, DAVID RAY is a Texas gas lease in Johnson County, Railroad Commission district 09, operated by Devon Energy Production Co, L.P. It has 1 wellbore on file with the Commission. Reported production runs from December 2007 to August 2026, totalling 1,511,187 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 $389K, with roughly $59K 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 2,493 thousand cubic feet a month. Its strongest month on the record we hold was April 2019, at 6,599 thousand cubic feet. 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 FRANKS, DAVID RAY
- Who operates FRANKS, DAVID RAY?
- FRANKS, DAVID RAY is operated by Devon Energy Production Co, L.P., Railroad Commission of Texas operator number 216378.
- Where is FRANKS, DAVID RAY?
- FRANKS, DAVID RAY is a Texas gas lease in Johnson County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 237394.
- Is FRANKS, DAVID RAY still producing?
- FRANKS, DAVID RAY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FRANKS, DAVID RAY is August 2026.
- How much has FRANKS, DAVID RAY produced?
- FRANKS, DAVID RAY has reported 1,511,187 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between December 2007 and August 2026, from 1 wellbore.
- How much is FRANKS, DAVID RAY worth?
- The remaining production from FRANKS, DAVID RAY is estimated to be worth about $389K in total as of 26 August 2026, within a range of $323K to $455K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FRANKS, DAVID RAY is a fraction of it. The estimate fits an Arps decline curve to the production FRANKS, DAVID RAY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FRANKS, DAVID RAY is an estimate of value, not an offer and not an appraisal.
- How much income does FRANKS, DAVID RAY generate in a year?
- FRANKS, DAVID RAY is forecast to net about $59K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in FRANKS, DAVID RAY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Devon Energy Production Co, L.P. |
|---|---|
| Field | Newark, East (Barnett Shale) |
| County | Johnson County, Texas |
| RRC district | 09 |
| Lease number | 237394 |
| Wellbores | 1 |
| Reported production | 1,511,187 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $389K |
Where FRANKS, DAVID RAY 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.