SCHMIDT
SCHMIDT is a Texas oil lease in Bexar County, Railroad Commission district 01, operated by Seagull Operating Co., Inc. It has 28 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 59,342 barrels. The lease is intermittent. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values a standard royalty share at about $612, with roughly $118 expected over the next twelve months.
| Operator | Seagull Operating Co., Inc. |
|---|---|
| Field | Somerset |
| County | Bexar County, Texas |
| RRC district | 01 |
| Lease number | 11223 |
| Wellbores | 28 |
| Reported production | 59,342 bbl |
| First reported | January 1993 |
| Last reported | August 2026 |
| Estimated royalty value | $612 |
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.