JOHNSON 1-87 LOV
JOHNSON 1-87 LOV is a Texas oil lease in Loving County, Railroad Commission district 08, operated by Shell Western E&P. It has 4 wellbores on file with the Commission. Reported production runs from February 2013 to August 2026, totalling 537,676 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 $3.8M, with roughly $920K 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 1,198 barrels a month, about 299 per wellbore. Its strongest month on the record we hold was June 2018, at 3,681 barrels. 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 JOHNSON 1-87 LOV
- Who operates JOHNSON 1-87 LOV?
- JOHNSON 1-87 LOV is operated by Shell Western E&P, Railroad Commission of Texas operator number 774719.
- Where is JOHNSON 1-87 LOV?
- JOHNSON 1-87 LOV is a Texas oil lease in Loving County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 44657.
- Is JOHNSON 1-87 LOV still producing?
- JOHNSON 1-87 LOV is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JOHNSON 1-87 LOV is August 2026.
- How much has JOHNSON 1-87 LOV produced?
- JOHNSON 1-87 LOV has reported 537,676 barrels of oil (bbl) to the Railroad Commission of Texas between February 2013 and August 2026, from 4 wellbores.
- How much is JOHNSON 1-87 LOV worth?
- The remaining production from JOHNSON 1-87 LOV is estimated to be worth about $3.8M in total as of 26 August 2026, within a range of $3.2M to $4.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JOHNSON 1-87 LOV is a fraction of it. The estimate fits an Arps decline curve to the production JOHNSON 1-87 LOV has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JOHNSON 1-87 LOV is an estimate of value, not an offer and not an appraisal.
- How much income does JOHNSON 1-87 LOV generate in a year?
- JOHNSON 1-87 LOV is forecast to net about $920K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in JOHNSON 1-87 LOV 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 | 44657 |
| Wellbores | 4 |
| Reported production | 537,676 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.8M |
Where JOHNSON 1-87 LOV 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.