SHELL FEE 45
SHELL FEE 45 is a Texas gas lease in Hemphill County, Railroad Commission district 10, operated by Le Norman Operating LLC. It has 1 wellbore on file with the Commission. Reported production runs from March 2015 to August 2026, totalling 2,923,873 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 $1.0M, with roughly $184K 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 5,603 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 49,249 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% 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 45
- Who operates SHELL FEE 45?
- SHELL FEE 45 is operated by Le Norman Operating LLC, Railroad Commission of Texas operator number 491579.
- Where is SHELL FEE 45?
- SHELL FEE 45 is a Texas gas lease in Hemphill County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 278396.
- Is SHELL FEE 45 still producing?
- SHELL FEE 45 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SHELL FEE 45 is August 2026.
- How much has SHELL FEE 45 produced?
- SHELL FEE 45 has reported 2,923,873 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 2015 and August 2026, from 1 wellbore.
- How much is SHELL FEE 45 worth?
- The remaining production from SHELL FEE 45 is estimated to be worth about $1.0M in total as of 26 August 2026, within a range of $840K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SHELL FEE 45 is a fraction of it. The estimate fits an Arps decline curve to the production SHELL FEE 45 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 45 is an estimate of value, not an offer and not an appraisal.
- How much income does SHELL FEE 45 generate in a year?
- SHELL FEE 45 is forecast to net about $184K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SHELL FEE 45 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Le Norman Operating LLC |
|---|---|
| Field | Buffalo Wallow (Granite Wash) |
| County | Hemphill County, Texas |
| RRC district | 10 |
| Lease number | 278396 |
| Wellbores | 1 |
| Reported production | 2,923,873 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.0M |
Where SHELL FEE 45 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.