SHEBA 449
SHEBA 449 is a Texas oil lease in Lipscomb County, Railroad Commission district 10, operated by Red Willow Mid-Continent, LLC. It has 3 wellbores on file with the Commission. Reported production runs from August 2008 to August 2026, totalling 124,046 barrels. 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 $1.1M, with roughly $177K 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 127 barrels a month, about 42 per wellbore. Its strongest month on the record we hold was March 2017, at 955 barrels. 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 SHEBA 449
- Who operates SHEBA 449?
- SHEBA 449 is operated by Red Willow Mid-Continent, LLC, Railroad Commission of Texas operator number 697108.
- Where is SHEBA 449?
- SHEBA 449 is a Texas oil lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 07935.
- Is SHEBA 449 still producing?
- SHEBA 449 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SHEBA 449 is August 2026.
- How much has SHEBA 449 produced?
- SHEBA 449 has reported 124,046 barrels of oil (bbl) to the Railroad Commission of Texas between August 2008 and August 2026, from 3 wellbores.
- How much is SHEBA 449 worth?
- The remaining production from SHEBA 449 is estimated to be worth about $1.1M in total as of 26 August 2026, within a range of $877K to $1.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SHEBA 449 is a fraction of it. The estimate fits an Arps decline curve to the production SHEBA 449 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SHEBA 449 is an estimate of value, not an offer and not an appraisal.
- How much income does SHEBA 449 generate in a year?
- SHEBA 449 is forecast to net about $177K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SHEBA 449 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Red Willow Mid-Continent, LLC |
|---|---|
| Field | Lipscomb, S.E. (Cleveland) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 07935 |
| Wellbores | 3 |
| Reported production | 124,046 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.1M |
Where SHEBA 449 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.