JOHNSON RANCH
JOHNSON RANCH is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Patriot Resources, Inc. It has 71 wellbores on file with the Commission. Reported production runs from November 2007 to August 2026, totalling 9,447,236 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 $121.5M, with roughly $33.5M 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 47,472 barrels a month, about 669 per wellbore. Its strongest month on the record we hold was October 2017, at 156,952 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 RANCH
- Who operates JOHNSON RANCH?
- JOHNSON RANCH is operated by Patriot Resources, Inc., Railroad Commission of Texas operator number 643401.
- Where is JOHNSON RANCH?
- JOHNSON RANCH is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 38431.
- Is JOHNSON RANCH still producing?
- JOHNSON RANCH is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JOHNSON RANCH is August 2026.
- How much has JOHNSON RANCH produced?
- JOHNSON RANCH has reported 9,447,236 barrels of oil (bbl) to the Railroad Commission of Texas between November 2007 and August 2026, from 71 wellbores.
- How much is JOHNSON RANCH worth?
- The remaining production from JOHNSON RANCH is estimated to be worth about $121.5M in total as of 26 August 2026, within a range of $99.6M to $143.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JOHNSON RANCH is a fraction of it. The estimate fits an Arps decline curve to the production JOHNSON RANCH has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JOHNSON RANCH is an estimate of value, not an offer and not an appraisal.
- How much income does JOHNSON RANCH generate in a year?
- JOHNSON RANCH is forecast to net about $33.5M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in JOHNSON RANCH receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Patriot Resources, Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 38431 |
| Wellbores | 71 |
| Reported production | 9,447,236 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $121.5M |
Where JOHNSON RANCH 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.