SCHNEEBELI, EARL
SCHNEEBELI, EARL is a Texas oil lease in Milam County, Railroad Commission district 01, operated by Heartland Resources, Inc. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 39,575 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 $78K, with roughly $15K 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 20 barrels a month, about 7 per wellbore. Its strongest month on the record we hold was May 2016, at 116 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 SCHNEEBELI, EARL
- Who operates SCHNEEBELI, EARL?
- SCHNEEBELI, EARL is operated by Heartland Resources, Inc., Railroad Commission of Texas operator number 370457.
- Where is SCHNEEBELI, EARL?
- SCHNEEBELI, EARL is a Texas oil lease in Milam County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 11497.
- Is SCHNEEBELI, EARL still producing?
- SCHNEEBELI, EARL is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SCHNEEBELI, EARL is August 2026.
- How much has SCHNEEBELI, EARL produced?
- SCHNEEBELI, EARL has reported 39,575 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is SCHNEEBELI, EARL worth?
- The remaining production from SCHNEEBELI, EARL is estimated to be worth about $78K in total as of 27 August 2026, within a range of $43K to $114K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SCHNEEBELI, EARL is a fraction of it. The estimate fits an Arps decline curve to the production SCHNEEBELI, EARL has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SCHNEEBELI, EARL is an estimate of value, not an offer and not an appraisal.
- How much income does SCHNEEBELI, EARL generate in a year?
- SCHNEEBELI, EARL is forecast to net about $15K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SCHNEEBELI, EARL receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Heartland Resources, Inc. |
|---|---|
| Field | Dixie (Navarro B) |
| County | Milam County, Texas |
| RRC district | 01 |
| Lease number | 11497 |
| Wellbores | 3 |
| Reported production | 39,575 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $78K |
Where SCHNEEBELI, EARL 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.