SCHMIDT MANAGEMENT TRUST
SCHMIDT MANAGEMENT TRUST is a Texas gas lease in Johnson County, Railroad Commission district 09, operated by Devon Energy Production Co, L.P. It has 1 wellbore on file with the Commission. Reported production runs from January 2008 to August 2026, totalling 2,359,679 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 $614K, with roughly $93K 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 3,945 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 8,554 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 SCHMIDT MANAGEMENT TRUST
- Who operates SCHMIDT MANAGEMENT TRUST?
- SCHMIDT MANAGEMENT TRUST is operated by Devon Energy Production Co, L.P., Railroad Commission of Texas operator number 216378.
- Where is SCHMIDT MANAGEMENT TRUST?
- SCHMIDT MANAGEMENT TRUST is a Texas gas lease in Johnson County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 238448.
- Is SCHMIDT MANAGEMENT TRUST still producing?
- SCHMIDT MANAGEMENT TRUST is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SCHMIDT MANAGEMENT TRUST is August 2026.
- How much has SCHMIDT MANAGEMENT TRUST produced?
- SCHMIDT MANAGEMENT TRUST has reported 2,359,679 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 2008 and August 2026, from 1 wellbore.
- How much is SCHMIDT MANAGEMENT TRUST worth?
- The remaining production from SCHMIDT MANAGEMENT TRUST is estimated to be worth about $614K in total as of 26 August 2026, within a range of $510K to $718K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SCHMIDT MANAGEMENT TRUST is a fraction of it. The estimate fits an Arps decline curve to the production SCHMIDT MANAGEMENT TRUST has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SCHMIDT MANAGEMENT TRUST is an estimate of value, not an offer and not an appraisal.
- How much income does SCHMIDT MANAGEMENT TRUST generate in a year?
- SCHMIDT MANAGEMENT TRUST is forecast to net about $93K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SCHMIDT MANAGEMENT TRUST receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Devon Energy Production Co, L.P. |
|---|---|
| Field | Newark, East (Barnett Shale) |
| County | Johnson County, Texas |
| RRC district | 09 |
| Lease number | 238448 |
| Wellbores | 1 |
| Reported production | 2,359,679 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $614K |
Where SCHMIDT MANAGEMENT TRUST 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.