FILES
FILES 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 December 2000 to August 2026, totalling 2,529,733 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 $115K, with roughly $17K 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 1,158 thousand cubic feet a month. Its strongest month on the record we hold was September 2025, at 2,035 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 FILES
- Who operates FILES?
- FILES is operated by Phillips Petroleum Company, Railroad Commission of Texas operator number 663680.
- Where is FILES?
- FILES is a Texas gas lease in Sherman County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 181067.
- Is FILES still producing?
- FILES is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FILES is August 2026.
- How much has FILES produced?
- FILES has reported 2,529,733 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between December 2000 and August 2026, from 1 wellbore.
- How much is FILES worth?
- The remaining production from FILES is estimated to be worth about $115K in total as of 27 August 2026, within a range of $96K to $135K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FILES is a fraction of it. The estimate fits an Arps decline curve to the production FILES has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FILES is an estimate of value, not an offer and not an appraisal.
- How much income does FILES generate in a year?
- FILES is forecast to net about $17K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in FILES receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Phillips Petroleum Company |
|---|---|
| Field | Cumberland (Morrow) |
| County | Sherman County, Texas |
| RRC district | 10 |
| Lease number | 181067 |
| Wellbores | 1 |
| Reported production | 2,529,733 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $115K |
Where FILES 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.