SHELTON
SHELTON is a Texas gas lease in Cherokee County, Railroad Commission district 06, operated by Merit Energy Company. It has 1 wellbore on file with the Commission. Reported production runs from May 2021 to August 2026, totalling 69,602 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 $14K, with roughly $2K 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 113 thousand cubic feet a month. Its strongest month on the record we hold was June 2021, at 11,042 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 SHELTON
- Who operates SHELTON?
- SHELTON is operated by Merit Energy Company, Railroad Commission of Texas operator number 561136.
- Where is SHELTON?
- SHELTON is a Texas gas lease in Cherokee County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 291334.
- Is SHELTON still producing?
- SHELTON is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SHELTON is August 2026.
- How much has SHELTON produced?
- SHELTON has reported 69,602 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between May 2021 and August 2026, from 1 wellbore.
- How much is SHELTON worth?
- The remaining production from SHELTON is estimated to be worth about $14K in total as of 26 August 2026, within a range of $11K to $17K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SHELTON is a fraction of it. The estimate fits an Arps decline curve to the production SHELTON has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SHELTON is an estimate of value, not an offer and not an appraisal.
- How much income does SHELTON generate in a year?
- SHELTON is forecast to net about $2K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SHELTON receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Merit Energy Company |
|---|---|
| Field | Black Bayou (Glen Rose) |
| County | Cherokee County, Texas |
| RRC district | 06 |
| Lease number | 291334 |
| Wellbores | 1 |
| Reported production | 69,602 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $14K |
Where SHELTON 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.