STATE SHERIDAN
STATE SHERIDAN is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by Lakewood Energy LLC. It has 1 wellbore on file with the Commission. Reported production runs from August 2025 to August 2026, totalling 1,518,174 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 $3.8M, with roughly $3.2M 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 168,686 thousand cubic feet a month. Its strongest month on the record we hold was October 2025, at 335,844 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 18% 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 STATE SHERIDAN
- Who operates STATE SHERIDAN?
- STATE SHERIDAN is operated by Lakewood Energy LLC, Railroad Commission of Texas operator number 100119.
- Where is STATE SHERIDAN?
- STATE SHERIDAN is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 300790.
- Is STATE SHERIDAN still producing?
- STATE SHERIDAN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STATE SHERIDAN is August 2026.
- How much has STATE SHERIDAN produced?
- STATE SHERIDAN has reported 1,518,174 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 2025 and August 2026, from 1 wellbore.
- How much is STATE SHERIDAN worth?
- The remaining production from STATE SHERIDAN is estimated to be worth about $3.8M in total as of 27 August 2026, within a range of $3.1M to $4.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE SHERIDAN is a fraction of it. The estimate fits an Arps decline curve to the production STATE SHERIDAN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STATE SHERIDAN is an estimate of value, not an offer and not an appraisal.
- How much income does STATE SHERIDAN generate in a year?
- STATE SHERIDAN is forecast to net about $3.2M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in STATE SHERIDAN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Lakewood Energy LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 300790 |
| Wellbores | 1 |
| Reported production | 1,518,174 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.8M |
Where STATE SHERIDAN 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.