PICKERING LUMBER COMPANY -C-

PICKERING LUMBER COMPANY -C- is a Texas gas lease in Shelby County, Railroad Commission district 06, operated by Graward Operating, Inc. It has 1 wellbore on file with the Commission. Reported production runs from July 1997 to August 2026, totalling 1,522,771 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 $7K, with roughly $4K 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 609 thousand cubic feet a month. Its strongest month on the record we hold was October 2018, at 2,165 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 PICKERING LUMBER COMPANY -C-

Who operates PICKERING LUMBER COMPANY -C-?: PICKERING LUMBER COMPANY -C- is operated by Graward Operating, Inc., Railroad Commission of Texas operator number 326435.
Where is PICKERING LUMBER COMPANY -C-?: PICKERING LUMBER COMPANY -C- is a Texas gas lease in Shelby County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 167537.
Is PICKERING LUMBER COMPANY -C- still producing?: PICKERING LUMBER COMPANY -C- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PICKERING LUMBER COMPANY -C- is August 2026.
How much has PICKERING LUMBER COMPANY -C- produced?: PICKERING LUMBER COMPANY -C- has reported 1,522,771 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between July 1997 and August 2026, from 1 wellbore.
How much is PICKERING LUMBER COMPANY -C- worth?: The remaining production from PICKERING LUMBER COMPANY -C- is estimated to be worth about $7K in total as of 27 August 2026, within a range of $6K to $9K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PICKERING LUMBER COMPANY -C- is a fraction of it. The estimate fits an Arps decline curve to the production PICKERING LUMBER COMPANY -C- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PICKERING LUMBER COMPANY -C- is an estimate of value, not an offer and not an appraisal.
How much income does PICKERING LUMBER COMPANY -C- generate in a year?: PICKERING LUMBER COMPANY -C- is forecast to net about $4K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PICKERING LUMBER COMPANY -C- receives a fraction of that, set by the decimal interest printed on their check stub.

Lease record

PICKERING LUMBER COMPANY -C- as filed with the Railroad Commission of Texas
Operator	Graward Operating, Inc.
Field	Joaquin (Travis Peak)
County	Shelby County, Texas
RRC district	06
Lease number	167537
Wellbores	1
Reported production	1,522,771 mcf
First reported	July 1997
Last reported	August 2026
Estimated royalty value	$7K

Where PICKERING LUMBER COMPANY -C- sits

Source: Railroad Commission of Texas lease production records, complete through August 2026. Figures on this page were computed on 27 August 2026.

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.