SHEP 448
SHEP 448 is a Texas oil lease in Lipscomb County, Railroad Commission district 10, operated by Holmes Exploration, LLC. It has 2 wellbores on file with the Commission. Reported production runs from August 2007 to August 2026, totalling 73,177 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 $682K, with roughly $107K 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 86 barrels a month, about 43 per wellbore. Its strongest month on the record we hold was October 2022, at 368 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 SHEP 448
- Who operates SHEP 448?
- SHEP 448 is operated by Holmes Exploration, LLC, Railroad Commission of Texas operator number 394700.
- Where is SHEP 448?
- SHEP 448 is a Texas oil lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 07772.
- Is SHEP 448 still producing?
- SHEP 448 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SHEP 448 is August 2026.
- How much has SHEP 448 produced?
- SHEP 448 has reported 73,177 barrels of oil (bbl) to the Railroad Commission of Texas between August 2007 and August 2026, from 2 wellbores.
- How much is SHEP 448 worth?
- The remaining production from SHEP 448 is estimated to be worth about $682K in total as of 27 August 2026, within a range of $375K to $989K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SHEP 448 is a fraction of it. The estimate fits an Arps decline curve to the production SHEP 448 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SHEP 448 is an estimate of value, not an offer and not an appraisal.
- How much income does SHEP 448 generate in a year?
- SHEP 448 is forecast to net about $107K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SHEP 448 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Holmes Exploration, LLC |
|---|---|
| Field | Lipscomb, S.E. (Cleveland) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 07772 |
| Wellbores | 2 |
| Reported production | 73,177 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $682K |
Where SHEP 448 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.