SHEAD, H. P.#1
SHEAD, H. P.#1 is a Texas gas lease in Gregg County, Railroad Commission district 06, operated by Machin & Associates, Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 1,202,752 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 a standard royalty share at about $21K, with roughly $4K expected over the next twelve months.
| Operator | Machin & Associates, Inc. |
|---|---|
| Field | Willow Springs (Bodenheim-Trans) |
| County | Gregg County, Texas |
| RRC district | 06 |
| Lease number | 043038 |
| Wellbores | 1 |
| Reported production | 1,202,752 mcf |
| First reported | January 1993 |
| Last reported | August 2026 |
| Estimated royalty value | $21K |
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.