MICHAELS
MICHAELS is a Texas gas lease in Harrison County, Railroad Commission district 06, operated by Howell & Sandlin, Inc. It has 1 wellbore on file with the Commission. Reported production runs from October 1997 to August 2026, totalling 384,412 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 $25K, with roughly $3K 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 222 thousand cubic feet a month. Its strongest month on the record we hold was September 2025, at 501 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 MICHAELS
- Who operates MICHAELS?
- MICHAELS is operated by Howell & Sandlin, Inc., Railroad Commission of Texas operator number 406000.
- Where is MICHAELS?
- MICHAELS is a Texas gas lease in Harrison County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 165404.
- Is MICHAELS still producing?
- MICHAELS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MICHAELS is August 2026.
- How much has MICHAELS produced?
- MICHAELS has reported 384,412 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between October 1997 and August 2026, from 1 wellbore.
- How much is MICHAELS worth?
- The remaining production from MICHAELS is estimated to be worth about $25K in total as of 26 August 2026, within a range of $19K to $30K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MICHAELS is a fraction of it. The estimate fits an Arps decline curve to the production MICHAELS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MICHAELS is an estimate of value, not an offer and not an appraisal.
- How much income does MICHAELS generate in a year?
- MICHAELS is forecast to net about $3K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MICHAELS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Howell & Sandlin, Inc. |
|---|---|
| Field | Woodlawn (Pettit-Page) |
| County | Harrison County, Texas |
| RRC district | 06 |
| Lease number | 165404 |
| Wellbores | 1 |
| Reported production | 384,412 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $25K |
Where MICHAELS 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.