JOHNSON 148
JOHNSON 148 is a Texas oil lease in Lipscomb County, Railroad Commission district 10, operated by Corlena Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from January 2015 to August 2026, totalling 74,127 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 $530K, with roughly $99K 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 157 barrels a month. Its strongest month on the record we hold was May 2021, at 1,378 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 148
- Who operates JOHNSON 148?
- JOHNSON 148 is operated by Corlena Oil Company, Railroad Commission of Texas operator number 178450.
- Where is JOHNSON 148?
- JOHNSON 148 is a Texas oil lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 09258.
- Is JOHNSON 148 still producing?
- JOHNSON 148 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JOHNSON 148 is August 2026.
- How much has JOHNSON 148 produced?
- JOHNSON 148 has reported 74,127 barrels of oil (bbl) to the Railroad Commission of Texas between January 2015 and August 2026, from 1 wellbore.
- How much is JOHNSON 148 worth?
- The remaining production from JOHNSON 148 is estimated to be worth about $530K in total as of 26 August 2026, within a range of $413K to $646K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JOHNSON 148 is a fraction of it. The estimate fits an Arps decline curve to the production JOHNSON 148 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JOHNSON 148 is an estimate of value, not an offer and not an appraisal.
- How much income does JOHNSON 148 generate in a year?
- JOHNSON 148 is forecast to net about $99K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in JOHNSON 148 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Corlena Oil Company |
|---|---|
| Field | Lipscomb (Cleveland) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 09258 |
| Wellbores | 1 |
| Reported production | 74,127 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $530K |
Where JOHNSON 148 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.