SHIMEK-HOPPE UNIT
SHIMEK-HOPPE UNIT is a Texas oil lease in Milam County, Railroad Commission district 03, operated by Union Pacific Resources Company. It has 1 wellbore on file with the Commission. Reported production runs from August 1999 to August 2026, totalling 251,669 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 $281K, with roughly $52K 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 69 barrels a month. Its strongest month on the record we hold was July 2019, at 926 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 SHIMEK-HOPPE UNIT
- Who operates SHIMEK-HOPPE UNIT?
- SHIMEK-HOPPE UNIT is operated by Union Pacific Resources Company, Railroad Commission of Texas operator number 876645.
- Where is SHIMEK-HOPPE UNIT?
- SHIMEK-HOPPE UNIT is a Texas oil lease in Milam County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 23724.
- Is SHIMEK-HOPPE UNIT still producing?
- SHIMEK-HOPPE UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SHIMEK-HOPPE UNIT is August 2026.
- How much has SHIMEK-HOPPE UNIT produced?
- SHIMEK-HOPPE UNIT has reported 251,669 barrels of oil (bbl) to the Railroad Commission of Texas between August 1999 and August 2026, from 1 wellbore.
- How much is SHIMEK-HOPPE UNIT worth?
- The remaining production from SHIMEK-HOPPE UNIT is estimated to be worth about $281K in total as of 27 August 2026, within a range of $154K to $407K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SHIMEK-HOPPE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production SHIMEK-HOPPE UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SHIMEK-HOPPE UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does SHIMEK-HOPPE UNIT generate in a year?
- SHIMEK-HOPPE UNIT is forecast to net about $52K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SHIMEK-HOPPE UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Union Pacific Resources Company |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Milam County, Texas |
| RRC district | 03 |
| Lease number | 23724 |
| Wellbores | 1 |
| Reported production | 251,669 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $281K |
Where SHIMEK-HOPPE 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.