WHEAT TRUST 1-78 LOV UNIT 1
WHEAT TRUST 1-78 LOV UNIT 1 is a Texas gas lease in Loving County, Railroad Commission district 08, operated by Shell Western E&P. It has 1 wellbore on file with the Commission. Reported production runs from June 2014 to August 2026, totalling 1,519,403 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 $3.9M, with roughly $835K 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 3,885 thousand cubic feet a month. Its strongest month on the record we hold was March 2017, at 23,280 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 WHEAT TRUST 1-78 LOV UNIT 1
- Who operates WHEAT TRUST 1-78 LOV UNIT 1?
- WHEAT TRUST 1-78 LOV UNIT 1 is operated by Shell Western E&P, Railroad Commission of Texas operator number 774719.
- Where is WHEAT TRUST 1-78 LOV UNIT 1?
- WHEAT TRUST 1-78 LOV UNIT 1 is a Texas gas lease in Loving County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 287525.
- Is WHEAT TRUST 1-78 LOV UNIT 1 still producing?
- WHEAT TRUST 1-78 LOV UNIT 1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WHEAT TRUST 1-78 LOV UNIT 1 is August 2026.
- How much has WHEAT TRUST 1-78 LOV UNIT 1 produced?
- WHEAT TRUST 1-78 LOV UNIT 1 has reported 1,519,403 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between June 2014 and August 2026, from 1 wellbore.
- How much is WHEAT TRUST 1-78 LOV UNIT 1 worth?
- The remaining production from WHEAT TRUST 1-78 LOV UNIT 1 is estimated to be worth about $3.9M in total as of 26 August 2026, within a range of $3.2M to $4.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WHEAT TRUST 1-78 LOV UNIT 1 is a fraction of it. The estimate fits an Arps decline curve to the production WHEAT TRUST 1-78 LOV UNIT 1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WHEAT TRUST 1-78 LOV UNIT 1 is an estimate of value, not an offer and not an appraisal.
- How much income does WHEAT TRUST 1-78 LOV UNIT 1 generate in a year?
- WHEAT TRUST 1-78 LOV UNIT 1 is forecast to net about $835K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WHEAT TRUST 1-78 LOV UNIT 1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Shell Western E&P |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Loving County, Texas |
| RRC district | 08 |
| Lease number | 287525 |
| Wellbores | 1 |
| Reported production | 1,519,403 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.9M |
Where WHEAT TRUST 1-78 LOV UNIT 1 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.