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Texas oil lease

Producing

JOHNSON 148

Johnson 148 is an oil lease in Lipscomb County, Texas, operated by Corlena Oil Company in the Lipscomb (Cleveland) field.

1 well

2,050bbl oil, last 12 months+2% vs prior year
Operator
Corlena Oil Company
County
Lipscomb County
Field
Lipscomb (Cleveland)
RRC lease
10-09258

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Where it sits

This county

Lipscomb CountyLipscombOchiltreeLipscomb County
Lipscomb County
Gas, last 12 months
3,778 mcf
Oil in Jul 2026
251 bbl

Production by month

Oil output held steady over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output held steady over the last 12 monthsMonthly oil production and gas for JOHNSON 148, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 2,050 bbl in the 12 months through Jul 2026, against 2,008 bbl in the 12 months before.Last 12 months: 2,050 bblbbl per monthmcf per month001001,0002002,0003003,0004004,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output held steady over the last 12 monthsMonthly oil production and gas for JOHNSON 148, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 2,050 bbl in the 12 months through Jul 2026, against 2,008 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001001,0002002,0003003,0004004,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since May 2025 the lease's gas goes to lease fuel instead of a transmission line

  • Transmission line (2)
  • Lease fuel (1)
Since May 2025 the lease's gas goes to lease fuel instead of a transmission lineShare of JOHNSON 148 gas by disposition code each month, Aug 2023 to Jul 2026. Since May 2025 the lease's gas goes to lease fuel instead of a transmission line.Share of the lease’s gas by disposition code, per month0%50%100%May 2025: line to fuelOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since May 2025 the lease's gas goes to lease fuel instead of a transmission lineShare of JOHNSON 148 gas by disposition code each month, Aug 2023 to Jul 2026. Since May 2025 the lease's gas goes to lease fuel instead of a transmission line.Share of gas by disposition code0%50%100%May 25: line to fuelJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on JOHNSON 148
API numberWell no.Status
42-295-342032HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Valero Marketing and Supply Co.OilGathers100Oct 1, 2023–
Et Gathering & Processing LLCCasinghead gasBuys100Oct 1, 2023–
Energy Transfer CompanyCasinghead gasGathers100Oct 1, 2023–
Regency Field Services LLCCasinghead gasGathers100Jan 8, 2015Oct 1, 2023
Regency Field Services LLCCasinghead gasBuys100Jan 8, 2015Oct 1, 2023
Mission Petroleum Carriers, Inc.OilGathers100Jan 8, 2015Oct 1, 2023

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

Who buys my oilOil price check

647 acres on the newest permit

Permits for Johnson 148
API numberWell no.Acreson the permit
42-295-342032H647

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for JOHNSON 148
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202625118834900$80.46$2.89
Jun 202629236418700$84.81$3.15
May 20263843625900$102.13$2.94
Apr 20262361893900$100.32$2.77
Mar 202626437821100$91.38$3.04
Feb 202649092500$64.51$3.62
Jan 20261027200$60.04$7.72
Dec 20250030200$57.97$4.26
Nov 20250044400$60.06$3.79
Oct 202574032400$60.89$3.19
Sep 202523518728800$63.96$2.97
Aug 202526437937800$64.86$2.91
Jul 202519337622100$68.39$3.20
Jun 2025328015600$68.17$3.02
May 202523438717400$62.17$3.12
Apr 202522119349490$63.54$3.42
Mar 2025001631630$68.24$4.12
Feb 202517918613900$71.53$4.19
Jan 202529119662600$75.74$4.13
Dec 20241618418600$70.12$3.01
Nov 202418617860600$69.95$2.12
Oct 202482087870$71.99$2.20
Sep 2024115023900$70.24$2.28
Aug 20241633838700$76.68$1.99
Jul 202419519213800$81.80$2.07
Jun 20242341921651650$79.77$2.54
May 2024103082820$80.02$2.12
Apr 20242973882,12300$85.35$1.60
Mar 20242883882,98200$81.28$1.49
Feb 20242601922,75800$77.25$1.72
Jan 202432719542900$74.15$3.18
Dec 202329138896100$71.90$2.52
Nov 202319618699000$77.69$2.71
Oct 202311301,18900$85.64$2.98
Sep 202310118972600$89.43$2.64
Aug 202327038400$81.39$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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This lease belongs to

OperatorCorlena Oil CompanyFieldLipscomb (Cleveland)CountyLipscomb County

Corlena Oil Company in Lipscomb County

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