JOHNSON 1-76
JOHNSON 1-76 is a Texas oil lease in Loving County, Railroad Commission district 08, operated by Shell Western E&P. It has 2 wellbores on file with the Commission. Reported production runs from September 2013 to August 2026, totalling 536,241 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 $726K, with roughly $431K 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 901 barrels a month, about 451 per wellbore. Its strongest month on the record we hold was May 2016, at 5,465 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 1-76
- Who operates JOHNSON 1-76?
- JOHNSON 1-76 is operated by Shell Western E&P, Railroad Commission of Texas operator number 774719.
- Where is JOHNSON 1-76?
- JOHNSON 1-76 is a Texas oil lease in Loving County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 44777.
- Is JOHNSON 1-76 still producing?
- JOHNSON 1-76 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JOHNSON 1-76 is August 2026.
- How much has JOHNSON 1-76 produced?
- JOHNSON 1-76 has reported 536,241 barrels of oil (bbl) to the Railroad Commission of Texas between September 2013 and August 2026, from 2 wellbores.
- How much is JOHNSON 1-76 worth?
- The remaining production from JOHNSON 1-76 is estimated to be worth about $726K in total as of 26 August 2026, within a range of $566K to $886K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JOHNSON 1-76 is a fraction of it. The estimate fits an Arps decline curve to the production JOHNSON 1-76 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JOHNSON 1-76 is an estimate of value, not an offer and not an appraisal.
- How much income does JOHNSON 1-76 generate in a year?
- JOHNSON 1-76 is forecast to net about $431K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in JOHNSON 1-76 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Shell Western E&P |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Loving County, Texas |
| RRC district | 08 |
| Lease number | 44777 |
| Wellbores | 2 |
| Reported production | 536,241 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $726K |
Where JOHNSON 1-76 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.