SHEETS
SHEETS is a Texas gas lease in Ochiltree County, Railroad Commission district 10, operated by Strat Land Exploration Company. It has 1 wellbore on file with the Commission. Reported production runs from February 2001 to August 2026, totalling 729,383 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 $217K, with roughly $33K 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 1,399 thousand cubic feet a month. Its strongest month on the record we hold was October 2020, at 2,094 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 SHEETS
- Who operates SHEETS?
- SHEETS is operated by Strat Land Exploration Company, Railroad Commission of Texas operator number 825420.
- Where is SHEETS?
- SHEETS is a Texas gas lease in Ochiltree County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 191418.
- Is SHEETS still producing?
- SHEETS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SHEETS is August 2026.
- How much has SHEETS produced?
- SHEETS has reported 729,383 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between February 2001 and August 2026, from 1 wellbore.
- How much is SHEETS worth?
- The remaining production from SHEETS is estimated to be worth about $217K in total as of 27 August 2026, within a range of $180K to $254K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SHEETS is a fraction of it. The estimate fits an Arps decline curve to the production SHEETS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SHEETS is an estimate of value, not an offer and not an appraisal.
- How much income does SHEETS generate in a year?
- SHEETS is forecast to net about $33K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SHEETS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Strat Land Exploration Company |
|---|---|
| Field | Hansford (Mississippian) |
| County | Ochiltree County, Texas |
| RRC district | 10 |
| Lease number | 191418 |
| Wellbores | 1 |
| Reported production | 729,383 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $217K |
Where SHEETS 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.