SCHENDEL UNIT A 189

SCHENDEL UNIT A 189 is a Texas gas lease in Karnes County, Railroad Commission district 02, operated by Burlington Resources O & G Co LP. It has 1 wellbore on file with the Commission. Reported production runs from November 2017 to August 2026, totalling 991,872 thousand cubic feet. The lease is intermittent. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values a standard royalty share at about $860, with roughly $162 expected over the next twelve months. Over the last twelve months on file it averaged 5 thousand cubic feet a month. Its strongest month on the record we hold was May 2018, at 121,976 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 100% 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.

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.