SHERMAN
SHERMAN is a Texas oil lease in Gaines County, Railroad Commission district 8A, operated by Amax Oil & Gas Inc. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 137,811 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 $941K, with roughly $181K 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 244 barrels a month, about 122 per wellbore. Its strongest month on the record we hold was September 2024, at 444 barrels. 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 SHERMAN
- Who operates SHERMAN?
- SHERMAN is operated by Amax Oil & Gas Inc., Railroad Commission of Texas operator number 016859.
- Where is SHERMAN?
- SHERMAN is a Texas oil lease in Gaines County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 61936.
- Is SHERMAN still producing?
- SHERMAN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SHERMAN is August 2026.
- How much has SHERMAN produced?
- SHERMAN has reported 137,811 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is SHERMAN worth?
- The remaining production from SHERMAN is estimated to be worth about $941K in total as of 27 August 2026, within a range of $734K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SHERMAN is a fraction of it. The estimate fits an Arps decline curve to the production SHERMAN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SHERMAN is an estimate of value, not an offer and not an appraisal.
- How much income does SHERMAN generate in a year?
- SHERMAN is forecast to net about $181K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SHERMAN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Amax Oil & Gas Inc. |
|---|---|
| Field | G-M-K, South (San Andres) |
| County | Gaines County, Texas |
| RRC district | 8A |
| Lease number | 61936 |
| Wellbores | 2 |
| Reported production | 137,811 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $941K |
Where SHERMAN 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.