SHELL FEE '21'
SHELL FEE '21' is a Texas gas lease in Hemphill County, Railroad Commission district 10, operated by Mewbourne Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from November 2014 to August 2026, totalling 232,279 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 $243K, with roughly $62K 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 423 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 4,280 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 SHELL FEE '21'
- Who operates SHELL FEE '21'?
- SHELL FEE '21' is operated by Mewbourne Oil Company, Railroad Commission of Texas operator number 562560.
- Where is SHELL FEE '21'?
- SHELL FEE '21' is a Texas gas lease in Hemphill County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 281929.
- Is SHELL FEE '21' still producing?
- SHELL FEE '21' is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SHELL FEE '21' is August 2026.
- How much has SHELL FEE '21' produced?
- SHELL FEE '21' has reported 232,279 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between November 2014 and August 2026, from 1 wellbore.
- How much is SHELL FEE '21' worth?
- The remaining production from SHELL FEE '21' is estimated to be worth about $243K in total as of 26 August 2026, within a range of $190K to $297K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SHELL FEE '21' is a fraction of it. The estimate fits an Arps decline curve to the production SHELL FEE '21' has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SHELL FEE '21' is an estimate of value, not an offer and not an appraisal.
- How much income does SHELL FEE '21' generate in a year?
- SHELL FEE '21' is forecast to net about $62K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SHELL FEE '21' receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mewbourne Oil Company |
|---|---|
| Field | Lipscomb, S.E. (Cleveland) |
| County | Hemphill County, Texas |
| RRC district | 10 |
| Lease number | 281929 |
| Wellbores | 1 |
| Reported production | 232,279 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $243K |
Where SHELL FEE '21' 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.