PROPERTY
PROPERTY is a Texas gas lease in Sherman County, Railroad Commission district 10, operated by Phillips Petroleum Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 203,364 thousand cubic feet. The lease is intermittent. 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 $28K, with roughly $5K 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 136 thousand cubic feet a month. Its strongest month on the record we hold was December 2025, at 272 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 PROPERTY
- Who operates PROPERTY?
- PROPERTY is operated by Phillips Petroleum Company, Railroad Commission of Texas operator number 663680.
- Where is PROPERTY?
- PROPERTY is a Texas gas lease in Sherman County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 138920.
- Is PROPERTY still producing?
- PROPERTY is intermittent. The most recent month of production reported to the Railroad Commission of Texas for PROPERTY is August 2026.
- How much has PROPERTY produced?
- PROPERTY has reported 203,364 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is PROPERTY worth?
- The remaining production from PROPERTY is estimated to be worth about $28K in total as of 27 August 2026, within a range of $22K to $34K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PROPERTY is a fraction of it. The estimate fits an Arps decline curve to the production PROPERTY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PROPERTY is an estimate of value, not an offer and not an appraisal.
- How much income does PROPERTY generate in a year?
- PROPERTY is forecast to net about $5K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PROPERTY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Phillips Petroleum Company |
|---|---|
| Field | Texas Hugoton |
| County | Sherman County, Texas |
| RRC district | 10 |
| Lease number | 138920 |
| Wellbores | 1 |
| Reported production | 203,364 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $28K |
Where PROPERTY 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.