SCHENKEL/TURNEY
SCHENKEL/TURNEY is a Texas oil lease in Edwards County, Railroad Commission district 01, operated by Friess, Harold Turney. It has 9 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 10,458 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 $270K, with roughly $52K 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 57 barrels a month, about 6 per wellbore. Its strongest month on the record we hold was November 2023, at 175 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 SCHENKEL/TURNEY
- Who operates SCHENKEL/TURNEY?
- SCHENKEL/TURNEY is operated by Friess, Harold Turney, Railroad Commission of Texas operator number 286670.
- Where is SCHENKEL/TURNEY?
- SCHENKEL/TURNEY is a Texas oil lease in Edwards County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 03407.
- Is SCHENKEL/TURNEY still producing?
- SCHENKEL/TURNEY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SCHENKEL/TURNEY is August 2026.
- How much has SCHENKEL/TURNEY produced?
- SCHENKEL/TURNEY has reported 10,458 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 9 wellbores.
- How much is SCHENKEL/TURNEY worth?
- The remaining production from SCHENKEL/TURNEY is estimated to be worth about $270K in total as of 27 August 2026, within a range of $148K to $391K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SCHENKEL/TURNEY is a fraction of it. The estimate fits an Arps decline curve to the production SCHENKEL/TURNEY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SCHENKEL/TURNEY is an estimate of value, not an offer and not an appraisal.
- How much income does SCHENKEL/TURNEY generate in a year?
- SCHENKEL/TURNEY is forecast to net about $52K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SCHENKEL/TURNEY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Friess, Harold Turney |
|---|---|
| Field | Turney |
| County | Edwards County, Texas |
| RRC district | 01 |
| Lease number | 03407 |
| Wellbores | 9 |
| Reported production | 10,458 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $270K |
Where SCHENKEL/TURNEY 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.