JOHNSTON STATE -A-
JOHNSTON STATE -A- is a Texas oil lease in Pecos County, Railroad Commission district 08, operated by Thomas, J. C. Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 76,562 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 $246K, with roughly $47K 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 55 barrels a month. Its strongest month on the record we hold was May 2016, at 199 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 JOHNSTON STATE -A-
- Who operates JOHNSTON STATE -A-?
- JOHNSTON STATE -A- is operated by Thomas, J. C. Inc., Railroad Commission of Texas operator number 853678.
- Where is JOHNSTON STATE -A-?
- JOHNSTON STATE -A- is a Texas oil lease in Pecos County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 33109.
- Is JOHNSTON STATE -A- still producing?
- JOHNSTON STATE -A- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JOHNSTON STATE -A- is August 2026.
- How much has JOHNSTON STATE -A- produced?
- JOHNSTON STATE -A- has reported 76,562 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is JOHNSTON STATE -A- worth?
- The remaining production from JOHNSTON STATE -A- is estimated to be worth about $246K in total as of 26 August 2026, within a range of $135K to $357K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JOHNSTON STATE -A- is a fraction of it. The estimate fits an Arps decline curve to the production JOHNSTON STATE -A- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JOHNSTON STATE -A- is an estimate of value, not an offer and not an appraisal.
- How much income does JOHNSTON STATE -A- generate in a year?
- JOHNSTON STATE -A- is forecast to net about $47K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in JOHNSTON STATE -A- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Thomas, J. C. Inc. |
|---|---|
| Field | GW (Ellenburger) |
| County | Pecos County, Texas |
| RRC district | 08 |
| Lease number | 33109 |
| Wellbores | 1 |
| Reported production | 76,562 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $246K |
Where JOHNSTON STATE -A- 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.