KARNES, J.D.
KARNES, J.D. is a Texas gas lease in Wise County, Railroad Commission district 09, operated by Devon Energy Production Co, L.P. It has 1 wellbore on file with the Commission. Reported production runs from January 2011 to August 2026, totalling 970,898 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 $435K, with roughly $86K 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 2,988 thousand cubic feet a month. Its strongest month on the record we hold was June 2019, at 6,139 thousand cubic feet. 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 KARNES, J.D.
- Who operates KARNES, J.D.?
- KARNES, J.D. is operated by Devon Energy Production Co, L.P., Railroad Commission of Texas operator number 216378.
- Where is KARNES, J.D.?
- KARNES, J.D. is a Texas gas lease in Wise County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 260363.
- Is KARNES, J.D. still producing?
- KARNES, J.D. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for KARNES, J.D. is August 2026.
- How much has KARNES, J.D. produced?
- KARNES, J.D. has reported 970,898 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 2011 and August 2026, from 1 wellbore.
- How much is KARNES, J.D. worth?
- The remaining production from KARNES, J.D. is estimated to be worth about $435K in total as of 26 August 2026, within a range of $361K to $509K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KARNES, J.D. is a fraction of it. The estimate fits an Arps decline curve to the production KARNES, J.D. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for KARNES, J.D. is an estimate of value, not an offer and not an appraisal.
- How much income does KARNES, J.D. generate in a year?
- KARNES, J.D. is forecast to net about $86K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in KARNES, J.D. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Devon Energy Production Co, L.P. |
|---|---|
| Field | Newark, East (Barnett Shale) |
| County | Wise County, Texas |
| RRC district | 09 |
| Lease number | 260363 |
| Wellbores | 1 |
| Reported production | 970,898 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $435K |
Where KARNES, J.D. 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.