FOUNDERS JOHNSON STATE
FOUNDERS JOHNSON STATE is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Founders Oil & Gas Operating,LLC. It has 1 wellbore on file with the Commission. Reported production runs from July 2017 to August 2026, totalling 308,216 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 $5.4M, with roughly $1.1M 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 1,087 barrels a month. Its strongest month on the record we hold was December 2017, at 12,136 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 FOUNDERS JOHNSON STATE
- Who operates FOUNDERS JOHNSON STATE?
- FOUNDERS JOHNSON STATE is operated by Founders Oil & Gas Operating,LLC, Railroad Commission of Texas operator number 280640.
- Where is FOUNDERS JOHNSON STATE?
- FOUNDERS JOHNSON STATE is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 49964.
- Is FOUNDERS JOHNSON STATE still producing?
- FOUNDERS JOHNSON STATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FOUNDERS JOHNSON STATE is August 2026.
- How much has FOUNDERS JOHNSON STATE produced?
- FOUNDERS JOHNSON STATE has reported 308,216 barrels of oil (bbl) to the Railroad Commission of Texas between July 2017 and August 2026, from 1 wellbore.
- How much is FOUNDERS JOHNSON STATE worth?
- The remaining production from FOUNDERS JOHNSON STATE is estimated to be worth about $5.4M in total as of 26 August 2026, within a range of $4.4M to $6.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FOUNDERS JOHNSON STATE is a fraction of it. The estimate fits an Arps decline curve to the production FOUNDERS JOHNSON STATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FOUNDERS JOHNSON STATE is an estimate of value, not an offer and not an appraisal.
- How much income does FOUNDERS JOHNSON STATE generate in a year?
- FOUNDERS JOHNSON STATE is forecast to net about $1.1M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in FOUNDERS JOHNSON STATE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Founders Oil & Gas Operating,LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 49964 |
| Wellbores | 1 |
| Reported production | 308,216 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $5.4M |
Where FOUNDERS JOHNSON STATE 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.