O'BANION
O'BANION is a Texas gas lease in Harrison County, Railroad Commission district 06, operated by Shelby Operating Company. It has 1 wellbore on file with the Commission. Reported production runs from August 1994 to August 2026, totalling 458,224 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 $37K, with roughly $5K 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 172 thousand cubic feet a month. Its strongest month on the record we hold was November 2017, at 1,079 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 O'BANION
- Who operates O'BANION?
- O'BANION is operated by Shelby Operating Company, Railroad Commission of Texas operator number 773678.
- Where is O'BANION?
- O'BANION is a Texas gas lease in Harrison County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 151560.
- Is O'BANION still producing?
- O'BANION is currently producing. The most recent month of production reported to the Railroad Commission of Texas for O'BANION is August 2026.
- How much has O'BANION produced?
- O'BANION has reported 458,224 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 1994 and August 2026, from 1 wellbore.
- How much is O'BANION worth?
- The remaining production from O'BANION is estimated to be worth about $37K in total as of 27 August 2026, within a range of $29K to $45K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in O'BANION is a fraction of it. The estimate fits an Arps decline curve to the production O'BANION has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for O'BANION is an estimate of value, not an offer and not an appraisal.
- How much income does O'BANION generate in a year?
- O'BANION is forecast to net about $5K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in O'BANION receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Shelby Operating Company |
|---|---|
| Field | Waskom (Travis Peak 1) |
| County | Harrison County, Texas |
| RRC district | 06 |
| Lease number | 151560 |
| Wellbores | 1 |
| Reported production | 458,224 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $37K |
Where O'BANION 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.