SCHULTEA
SCHULTEA is a Texas oil lease in Milam County, Railroad Commission district 01, operated by Three Forks Operating Co, LLC. It has 1 wellbore on file with the Commission. Reported production runs from February 2015 to August 2026, totalling 3,266 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 $77K, 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 27 barrels a month. Its strongest month on the record we hold was February 2018, at 131 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 SCHULTEA
- Who operates SCHULTEA?
- SCHULTEA is operated by Three Forks Operating Co, LLC, Railroad Commission of Texas operator number 857661.
- Where is SCHULTEA?
- SCHULTEA is a Texas oil lease in Milam County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 18391.
- Is SCHULTEA still producing?
- SCHULTEA is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SCHULTEA is August 2026.
- How much has SCHULTEA produced?
- SCHULTEA has reported 3,266 barrels of oil (bbl) to the Railroad Commission of Texas between February 2015 and August 2026, from 1 wellbore.
- How much is SCHULTEA worth?
- The remaining production from SCHULTEA is estimated to be worth about $77K in total as of 26 August 2026, within a range of $42K to $112K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SCHULTEA is a fraction of it. The estimate fits an Arps decline curve to the production SCHULTEA has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SCHULTEA is an estimate of value, not an offer and not an appraisal.
- How much income does SCHULTEA generate in a year?
- SCHULTEA is forecast to net about $15K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SCHULTEA receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Three Forks Operating Co, LLC |
|---|---|
| Field | Midway (2300 Oil) |
| County | Milam County, Texas |
| RRC district | 01 |
| Lease number | 18391 |
| Wellbores | 1 |
| Reported production | 3,266 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $77K |
Where SCHULTEA 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.