PRATHER
PRATHER is a Texas gas lease in Johnson County, Railroad Commission district 09, operated by BP Operating Company, LLC. It has 1 wellbore on file with the Commission. Reported production runs from August 2007 to August 2026, totalling 812,204 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 $302K, with roughly $46K 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 1,772 thousand cubic feet a month. Its strongest month on the record we hold was July 2017, at 5,931 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 PRATHER
- Who operates PRATHER?
- PRATHER is operated by BP Operating Company, LLC, Railroad Commission of Texas operator number 085366.
- Where is PRATHER?
- PRATHER is a Texas gas lease in Johnson County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 236311.
- Is PRATHER still producing?
- PRATHER is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PRATHER is August 2026.
- How much has PRATHER produced?
- PRATHER has reported 812,204 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 2007 and August 2026, from 1 wellbore.
- How much is PRATHER worth?
- The remaining production from PRATHER is estimated to be worth about $302K in total as of 26 August 2026, within a range of $250K to $353K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PRATHER is a fraction of it. The estimate fits an Arps decline curve to the production PRATHER has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PRATHER is an estimate of value, not an offer and not an appraisal.
- How much income does PRATHER generate in a year?
- PRATHER is forecast to net about $46K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PRATHER receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | BP Operating Company, LLC |
|---|---|
| Field | Newark, East (Barnett Shale) |
| County | Johnson County, Texas |
| RRC district | 09 |
| Lease number | 236311 |
| Wellbores | 1 |
| Reported production | 812,204 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $302K |
Where PRATHER 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.