SHELL
SHELL is a Texas oil lease in Ward County, Railroad Commission district 08, operated by Bennett, M. Brad Inc. It has 21 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 2,223,753 barrels. 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 $23.4M, with roughly $5.2M 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 6,397 barrels a month, about 305 per wellbore. Its strongest month on the record we hold was May 2017, at 16,433 barrels. 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 SHELL
- Who operates SHELL?
- SHELL is operated by Bennett, M. Brad Inc., Railroad Commission of Texas operator number 064785.
- Where is SHELL?
- SHELL is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 28362.
- Is SHELL still producing?
- SHELL is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SHELL is August 2026.
- How much has SHELL produced?
- SHELL has reported 2,223,753 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 21 wellbores.
- How much is SHELL worth?
- The remaining production from SHELL is estimated to be worth about $23.4M in total as of 26 August 2026, within a range of $19.4M to $27.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SHELL is a fraction of it. The estimate fits an Arps decline curve to the production SHELL has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SHELL is an estimate of value, not an offer and not an appraisal.
- How much income does SHELL generate in a year?
- SHELL is forecast to net about $5.2M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SHELL receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Bennett, M. Brad Inc. |
|---|---|
| Field | Collie (Delaware) |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 28362 |
| Wellbores | 21 |
| Reported production | 2,223,753 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $23.4M |
Where SHELL 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.