MICHAELS
MICHAELS is a Texas oil lease in Nolan County, Railroad Commission district 7B, operated by Sha-Jam Operating Corp. It has 1 wellbore on file with the Commission. Reported production runs from February 2005 to August 2026, totalling 444,877 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 $62K, with roughly $40K 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 215 barrels a month. Its strongest month on the record we hold was December 2017, at 2,375 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 MICHAELS
- Who operates MICHAELS?
- MICHAELS is operated by Sha-Jam Operating Corp., Railroad Commission of Texas operator number 767967.
- Where is MICHAELS?
- MICHAELS is a Texas oil lease in Nolan County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 29555.
- Is MICHAELS still producing?
- MICHAELS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MICHAELS is August 2026.
- How much has MICHAELS produced?
- MICHAELS has reported 444,877 barrels of oil (bbl) to the Railroad Commission of Texas between February 2005 and August 2026, from 1 wellbore.
- How much is MICHAELS worth?
- The remaining production from MICHAELS is estimated to be worth about $62K in total as of 26 August 2026, within a range of $48K to $75K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MICHAELS is a fraction of it. The estimate fits an Arps decline curve to the production MICHAELS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MICHAELS is an estimate of value, not an offer and not an appraisal.
- How much income does MICHAELS generate in a year?
- MICHAELS is forecast to net about $40K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MICHAELS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Sha-Jam Operating Corp. |
|---|---|
| Field | J. A. M. (Reef, Lower) |
| County | Nolan County, Texas |
| RRC district | 7B |
| Lease number | 29555 |
| Wellbores | 1 |
| Reported production | 444,877 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $62K |
Where MICHAELS 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.