SCHULTZ "803"
SCHULTZ "803" is a Texas gas lease in Lipscomb County, Railroad Commission district 10, operated by Mewbourne Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from March 2007 to August 2026, totalling 1,664,147 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 $534K, with roughly $89K 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 3,675 thousand cubic feet a month. Its strongest month on the record we hold was August 2016, at 6,653 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 SCHULTZ "803"
- Who operates SCHULTZ "803"?
- SCHULTZ "803" is operated by Mewbourne Oil Company, Railroad Commission of Texas operator number 562560.
- Where is SCHULTZ "803"?
- SCHULTZ "803" is a Texas gas lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 227881.
- Is SCHULTZ "803" still producing?
- SCHULTZ "803" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SCHULTZ "803" is August 2026.
- How much has SCHULTZ "803" produced?
- SCHULTZ "803" has reported 1,664,147 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 2007 and August 2026, from 1 wellbore.
- How much is SCHULTZ "803" worth?
- The remaining production from SCHULTZ "803" is estimated to be worth about $534K in total as of 26 August 2026, within a range of $443K to $625K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SCHULTZ "803" is a fraction of it. The estimate fits an Arps decline curve to the production SCHULTZ "803" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SCHULTZ "803" is an estimate of value, not an offer and not an appraisal.
- How much income does SCHULTZ "803" generate in a year?
- SCHULTZ "803" is forecast to net about $89K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SCHULTZ "803" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mewbourne Oil Company |
|---|---|
| Field | Lipscomb (Atoka 9200) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 227881 |
| Wellbores | 1 |
| Reported production | 1,664,147 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $534K |
Where SCHULTZ "803" 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.