SHELDON "44"
SHELDON "44" is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Midland Energy, Inc. It has 1 wellbore on file with the Commission. Reported production runs from July 2007 to August 2026, totalling 112,112 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 $721K, with roughly $199K 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 261 barrels a month. Its strongest month on the record we hold was September 2022, at 1,454 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 SHELDON "44"
- Who operates SHELDON "44"?
- SHELDON "44" is operated by Midland Energy, Inc., Railroad Commission of Texas operator number 565460.
- Where is SHELDON "44"?
- SHELDON "44" is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 38893.
- Is SHELDON "44" still producing?
- SHELDON "44" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SHELDON "44" is August 2026.
- How much has SHELDON "44" produced?
- SHELDON "44" has reported 112,112 barrels of oil (bbl) to the Railroad Commission of Texas between July 2007 and August 2026, from 1 wellbore.
- How much is SHELDON "44" worth?
- The remaining production from SHELDON "44" is estimated to be worth about $721K in total as of 26 August 2026, within a range of $562K to $879K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SHELDON "44" is a fraction of it. The estimate fits an Arps decline curve to the production SHELDON "44" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SHELDON "44" is an estimate of value, not an offer and not an appraisal.
- How much income does SHELDON "44" generate in a year?
- SHELDON "44" is forecast to net about $199K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SHELDON "44" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Midland Energy, Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 38893 |
| Wellbores | 1 |
| Reported production | 112,112 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $721K |
Where SHELDON "44" 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.