SHEETS EAST
SHEETS EAST is a Texas oil lease in Wheeler County, Railroad Commission district 10, operated by Stephens & Johnson Operating Co. It has 10 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 9,987 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 $4K, with roughly $754 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 barrels a month. Its strongest month on the record we hold was May 2016, at 55 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 EAST
- Who operates SHEETS EAST?
- SHEETS EAST is operated by Stephens & Johnson Operating Co., Railroad Commission of Texas operator number 817555.
- Where is SHEETS EAST?
- SHEETS EAST is a Texas oil lease in Wheeler County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 01412.
- Is SHEETS EAST still producing?
- SHEETS EAST is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SHEETS EAST is August 2026.
- How much has SHEETS EAST produced?
- SHEETS EAST has reported 9,987 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 10 wellbores.
- How much is SHEETS EAST worth?
- The remaining production from SHEETS EAST is estimated to be worth about $4K in total as of 26 August 2026, within a range of $0 to $8K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SHEETS EAST is a fraction of it. The estimate fits an Arps decline curve to the production SHEETS EAST has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SHEETS EAST is an estimate of value, not an offer and not an appraisal.
- How much income does SHEETS EAST generate in a year?
- SHEETS EAST is forecast to net about $754 across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SHEETS EAST receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Stephens & Johnson Operating Co. |
|---|---|
| Field | Panhandle Wheeler County Field |
| County | Wheeler County, Texas |
| RRC district | 10 |
| Lease number | 01412 |
| Wellbores | 10 |
| Reported production | 9,987 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4K |
Where SHEETS EAST 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.