JONES 118
JONES 118 is a Texas gas lease in Sutton County, Railroad Commission district 7C, operated by Highmount Expl & Prod Texas LLC. It has 1 wellbore on file with the Commission. Reported production runs from April 2008 to August 2026, totalling 260,419 thousand cubic feet. 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 $33K, with roughly $7K 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 358 thousand cubic feet a month. Its strongest month on the record we hold was December 2017, at 1,492 thousand cubic feet. 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 JONES 118
- Who operates JONES 118?
- JONES 118 is operated by Highmount Expl & Prod Texas LLC, Railroad Commission of Texas operator number 385842.
- Where is JONES 118?
- JONES 118 is a Texas gas lease in Sutton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 240941.
- Is JONES 118 still producing?
- JONES 118 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JONES 118 is August 2026.
- How much has JONES 118 produced?
- JONES 118 has reported 260,419 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between April 2008 and August 2026, from 1 wellbore.
- How much is JONES 118 worth?
- The remaining production from JONES 118 is estimated to be worth about $33K in total as of 26 August 2026, within a range of $26K to $41K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JONES 118 is a fraction of it. The estimate fits an Arps decline curve to the production JONES 118 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JONES 118 is an estimate of value, not an offer and not an appraisal.
- How much income does JONES 118 generate in a year?
- JONES 118 is forecast to net about $7K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in JONES 118 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Highmount Expl & Prod Texas LLC |
|---|---|
| Field | Sawyer (Canyon) |
| County | Sutton County, Texas |
| RRC district | 7C |
| Lease number | 240941 |
| Wellbores | 1 |
| Reported production | 260,419 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $33K |
Where JONES 118 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.