WHEAT 1-77 LOV UNIT
WHEAT 1-77 LOV UNIT is a Texas gas lease in Loving County, Railroad Commission district 08, operated by Shell Western E&P. It has 1 wellbore on file with the Commission. Reported production runs from April 2015 to August 2026, totalling 483,673 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 $311K, with roughly $210K 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 1,426 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 16,310 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 WHEAT 1-77 LOV UNIT
- Who operates WHEAT 1-77 LOV UNIT?
- WHEAT 1-77 LOV UNIT is operated by Shell Western E&P, Railroad Commission of Texas operator number 774719.
- Where is WHEAT 1-77 LOV UNIT?
- WHEAT 1-77 LOV UNIT is a Texas gas lease in Loving County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 287413.
- Is WHEAT 1-77 LOV UNIT still producing?
- WHEAT 1-77 LOV UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WHEAT 1-77 LOV UNIT is August 2026.
- How much has WHEAT 1-77 LOV UNIT produced?
- WHEAT 1-77 LOV UNIT has reported 483,673 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between April 2015 and August 2026, from 1 wellbore.
- How much is WHEAT 1-77 LOV UNIT worth?
- The remaining production from WHEAT 1-77 LOV UNIT is estimated to be worth about $311K in total as of 26 August 2026, within a range of $258K to $364K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WHEAT 1-77 LOV UNIT is a fraction of it. The estimate fits an Arps decline curve to the production WHEAT 1-77 LOV UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WHEAT 1-77 LOV UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does WHEAT 1-77 LOV UNIT generate in a year?
- WHEAT 1-77 LOV UNIT is forecast to net about $210K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WHEAT 1-77 LOV UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Shell Western E&P |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Loving County, Texas |
| RRC district | 08 |
| Lease number | 287413 |
| Wellbores | 1 |
| Reported production | 483,673 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $311K |
Where WHEAT 1-77 LOV 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.