BETHANY NE. WATERFLOOD UNIT #1

BETHANY NE. WATERFLOOD UNIT #1 is a Texas oil lease in Panola County, Railroad Commission district 06, operated by Shelby, Michael H. It has 41 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 507,076 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 $2.2M, with roughly $553K 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 581 barrels a month, about 14 per wellbore. Its strongest month on the record we hold was October 2018, at 1,978 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 BETHANY NE. WATERFLOOD UNIT #1

Who operates BETHANY NE. WATERFLOOD UNIT #1?: BETHANY NE. WATERFLOOD UNIT #1 is operated by Shelby, Michael H., Railroad Commission of Texas operator number 773660.
Where is BETHANY NE. WATERFLOOD UNIT #1?: BETHANY NE. WATERFLOOD UNIT #1 is a Texas oil lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 04941.
Is BETHANY NE. WATERFLOOD UNIT #1 still producing?: BETHANY NE. WATERFLOOD UNIT #1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BETHANY NE. WATERFLOOD UNIT #1 is August 2026.
How much has BETHANY NE. WATERFLOOD UNIT #1 produced?: BETHANY NE. WATERFLOOD UNIT #1 has reported 507,076 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 41 wellbores.
How much is BETHANY NE. WATERFLOOD UNIT #1 worth?: The remaining production from BETHANY NE. WATERFLOOD UNIT #1 is estimated to be worth about $2.2M in total as of 27 August 2026, within a range of $1.7M to $2.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BETHANY NE. WATERFLOOD UNIT #1 is a fraction of it. The estimate fits an Arps decline curve to the production BETHANY NE. WATERFLOOD UNIT #1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BETHANY NE. WATERFLOOD UNIT #1 is an estimate of value, not an offer and not an appraisal.
How much income does BETHANY NE. WATERFLOOD UNIT #1 generate in a year?: BETHANY NE. WATERFLOOD UNIT #1 is forecast to net about $553K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in BETHANY NE. WATERFLOOD UNIT #1 receives a fraction of that, set by the decimal interest printed on their check stub.

Lease record

BETHANY NE. WATERFLOOD UNIT #1 as filed with the Railroad Commission of Texas
Operator	Shelby, Michael H.
Field	Bethany, Ne. (Lime 3850)
County	Panola County, Texas
RRC district	06
Lease number	04941
Wellbores	41
Reported production	507,076 bbl
First reported	January 1993
Last reported	August 2026
Estimated royalty value	$2.2M

Where BETHANY NE. WATERFLOOD UNIT #1 sits

Source: Railroad Commission of Texas lease production records, complete through August 2026. Figures on this page were computed on 27 August 2026.

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.