SCHMIDT UNIT
SCHMIDT UNIT is a Texas gas lease in Johnson County, Railroad Commission district 09, operated by Burlington Resources O & G Co LP. It has 1 wellbore on file with the Commission. Reported production runs from April 2007 to August 2026, totalling 2,319,728 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 $307K, with roughly $70K 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 3,496 thousand cubic feet a month. Its strongest month on the record we hold was October 2016, at 7,439 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 UNIT
- Who operates SCHMIDT UNIT?
- SCHMIDT UNIT is operated by Burlington Resources O & G Co LP, Railroad Commission of Texas operator number 109333.
- Where is SCHMIDT UNIT?
- SCHMIDT UNIT is a Texas gas lease in Johnson County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 231544.
- Is SCHMIDT UNIT still producing?
- SCHMIDT UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SCHMIDT UNIT is August 2026.
- How much has SCHMIDT UNIT produced?
- SCHMIDT UNIT has reported 2,319,728 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between April 2007 and August 2026, from 1 wellbore.
- How much is SCHMIDT UNIT worth?
- The remaining production from SCHMIDT UNIT is estimated to be worth about $307K in total as of 26 August 2026, within a range of $255K to $359K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SCHMIDT UNIT is a fraction of it. The estimate fits an Arps decline curve to the production SCHMIDT UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SCHMIDT UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does SCHMIDT UNIT generate in a year?
- SCHMIDT UNIT is forecast to net about $70K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SCHMIDT UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Burlington Resources O & G Co LP |
|---|---|
| Field | Newark, East (Barnett Shale) |
| County | Johnson County, Texas |
| RRC district | 09 |
| Lease number | 231544 |
| Wellbores | 1 |
| Reported production | 2,319,728 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $307K |
Where SCHMIDT UNIT 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.