STEPHENSON
STEPHENSON is a Texas gas lease in Harrison County, Railroad Commission district 06, operated by Shelby Operating Company. It has 1 wellbore on file with the Commission. Reported production runs from March 2009 to August 2026, totalling 612,012 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 $350K, with roughly $55K 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 2,277 thousand cubic feet a month. Its strongest month on the record we hold was August 2025, at 2,715 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 STEPHENSON
- Who operates STEPHENSON?
- STEPHENSON is operated by Shelby Operating Company, Railroad Commission of Texas operator number 773678.
- Where is STEPHENSON?
- STEPHENSON is a Texas gas lease in Harrison County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 246247.
- Is STEPHENSON still producing?
- STEPHENSON is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STEPHENSON is August 2026.
- How much has STEPHENSON produced?
- STEPHENSON has reported 612,012 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 2009 and August 2026, from 1 wellbore.
- How much is STEPHENSON worth?
- The remaining production from STEPHENSON is estimated to be worth about $350K in total as of 26 August 2026, within a range of $291K to $410K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STEPHENSON is a fraction of it. The estimate fits an Arps decline curve to the production STEPHENSON has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STEPHENSON is an estimate of value, not an offer and not an appraisal.
- How much income does STEPHENSON generate in a year?
- STEPHENSON is forecast to net about $55K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STEPHENSON receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Shelby Operating Company |
|---|---|
| Field | Waskom (Travis Peak 6150) |
| County | Harrison County, Texas |
| RRC district | 06 |
| Lease number | 246247 |
| Wellbores | 1 |
| Reported production | 612,012 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $350K |
Where STEPHENSON 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.