SHELL FEE
SHELL FEE is a Texas gas lease in Hemphill County, Railroad Commission district 10, operated by Le Norman Operating LLC. It has 1 wellbore on file with the Commission. Reported production runs from October 2015 to August 2026, totalling 723,689 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 $28K, with roughly $8K 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 813 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 13,039 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 SHELL FEE
- Who operates SHELL FEE?
- SHELL FEE is operated by Le Norman Operating LLC, Railroad Commission of Texas operator number 491579.
- Where is SHELL FEE?
- SHELL FEE is a Texas gas lease in Hemphill County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 278981.
- Is SHELL FEE still producing?
- SHELL FEE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SHELL FEE is August 2026.
- How much has SHELL FEE produced?
- SHELL FEE has reported 723,689 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between October 2015 and August 2026, from 1 wellbore.
- How much is SHELL FEE worth?
- The remaining production from SHELL FEE 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 SHELL FEE is a fraction of it. The estimate fits an Arps decline curve to the production SHELL FEE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SHELL FEE is an estimate of value, not an offer and not an appraisal.
- How much income does SHELL FEE generate in a year?
- SHELL FEE is forecast to net about $8K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SHELL FEE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Le Norman Operating LLC |
|---|---|
| Field | Hemphill (Douglas) |
| County | Hemphill County, Texas |
| RRC district | 10 |
| Lease number | 278981 |
| Wellbores | 1 |
| Reported production | 723,689 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $28K |
Where SHELL FEE 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.