NEWELL 2
NEWELL 2 is a Texas gas lease in Shackelford County, Railroad Commission district 7B, operated by Jones Company, Ltd. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 1,000,706 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 $184K, with roughly $32K 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 1,387 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 2,182 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 NEWELL 2
- Who operates NEWELL 2?
- NEWELL 2 is operated by Jones Company, Ltd., Railroad Commission of Texas operator number 441040.
- Where is NEWELL 2?
- NEWELL 2 is a Texas gas lease in Shackelford County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 092722.
- Is NEWELL 2 still producing?
- NEWELL 2 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NEWELL 2 is August 2026.
- How much has NEWELL 2 produced?
- NEWELL 2 has reported 1,000,706 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is NEWELL 2 worth?
- The remaining production from NEWELL 2 is estimated to be worth about $184K in total as of 26 August 2026, within a range of $153K to $216K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NEWELL 2 is a fraction of it. The estimate fits an Arps decline curve to the production NEWELL 2 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NEWELL 2 is an estimate of value, not an offer and not an appraisal.
- How much income does NEWELL 2 generate in a year?
- NEWELL 2 is forecast to net about $32K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NEWELL 2 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Jones Company, Ltd. |
|---|---|
| Field | Newell(Caddo) |
| County | Shackelford County, Texas |
| RRC district | 7B |
| Lease number | 092722 |
| Wellbores | 1 |
| Reported production | 1,000,706 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $184K |
Where NEWELL 2 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.