DEVON JOHNS UNIT
DEVON JOHNS UNIT is a Texas oil lease in Nolan County, Railroad Commission district 7B, operated by Cholla Petroleum, Inc. It has 1 wellbore on file with the Commission. Reported production runs from May 2014 to August 2026, totalling 47,093 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 $612K, with roughly $115K 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 151 barrels a month. Its strongest month on the record we hold was May 2016, at 602 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 DEVON JOHNS UNIT
- Who operates DEVON JOHNS UNIT?
- DEVON JOHNS UNIT is operated by Cholla Petroleum, Inc., Railroad Commission of Texas operator number 150683.
- Where is DEVON JOHNS UNIT?
- DEVON JOHNS UNIT is a Texas oil lease in Nolan County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 31486.
- Is DEVON JOHNS UNIT still producing?
- DEVON JOHNS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DEVON JOHNS UNIT is August 2026.
- How much has DEVON JOHNS UNIT produced?
- DEVON JOHNS UNIT has reported 47,093 barrels of oil (bbl) to the Railroad Commission of Texas between May 2014 and August 2026, from 1 wellbore.
- How much is DEVON JOHNS UNIT worth?
- The remaining production from DEVON JOHNS UNIT is estimated to be worth about $612K in total as of 26 August 2026, within a range of $477K to $746K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DEVON JOHNS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production DEVON JOHNS UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DEVON JOHNS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does DEVON JOHNS UNIT generate in a year?
- DEVON JOHNS UNIT is forecast to net about $115K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in DEVON JOHNS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cholla Petroleum, Inc. |
|---|---|
| Field | Nena Lucia, E. (Miss.) |
| County | Nolan County, Texas |
| RRC district | 7B |
| Lease number | 31486 |
| Wellbores | 1 |
| Reported production | 47,093 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $612K |
Where DEVON JOHNS UNIT 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.