SCHULTZ 696
SCHULTZ 696 is a Texas gas lease in Lipscomb County, Railroad Commission district 10, operated by Eog Resources, Inc. It has 1 wellbore on file with the Commission. Reported production runs from August 2006 to August 2026, totalling 456,516 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 $131K, with roughly $25K 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 388 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 1,204 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 SCHULTZ 696
- Who operates SCHULTZ 696?
- SCHULTZ 696 is operated by Eog Resources, Inc., Railroad Commission of Texas operator number 253162.
- Where is SCHULTZ 696?
- SCHULTZ 696 is a Texas gas lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 218771.
- Is SCHULTZ 696 still producing?
- SCHULTZ 696 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SCHULTZ 696 is August 2026.
- How much has SCHULTZ 696 produced?
- SCHULTZ 696 has reported 456,516 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 2006 and August 2026, from 1 wellbore.
- How much is SCHULTZ 696 worth?
- The remaining production from SCHULTZ 696 is estimated to be worth about $131K in total as of 26 August 2026, within a range of $102K to $160K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SCHULTZ 696 is a fraction of it. The estimate fits an Arps decline curve to the production SCHULTZ 696 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SCHULTZ 696 is an estimate of value, not an offer and not an appraisal.
- How much income does SCHULTZ 696 generate in a year?
- SCHULTZ 696 is forecast to net about $25K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SCHULTZ 696 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Eog Resources, Inc. |
|---|---|
| Field | Mammoth Creek, North (Cleveland) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 218771 |
| Wellbores | 1 |
| Reported production | 456,516 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $131K |
Where SCHULTZ 696 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.