PAPERSHELL STATE UNIT
PAPERSHELL STATE UNIT is a Texas gas lease in Pecos County, Railroad Commission district 08, operated by Continental Resources, Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 2025 to August 2026, totalling 2,268,266 thousand cubic feet. 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 $26.0M, with roughly $7.8M 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 130,515 thousand cubic feet a month. Its strongest month on the record we hold was March 2025, at 189,994 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 18% 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 PAPERSHELL STATE UNIT
- Who operates PAPERSHELL STATE UNIT?
- PAPERSHELL STATE UNIT is operated by Continental Resources, Inc., Railroad Commission of Texas operator number 173777.
- Where is PAPERSHELL STATE UNIT?
- PAPERSHELL STATE UNIT is a Texas gas lease in Pecos County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 299605.
- Is PAPERSHELL STATE UNIT still producing?
- PAPERSHELL STATE UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PAPERSHELL STATE UNIT is August 2026.
- How much has PAPERSHELL STATE UNIT produced?
- PAPERSHELL STATE UNIT has reported 2,268,266 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 2025 and August 2026, from 1 wellbore.
- How much is PAPERSHELL STATE UNIT worth?
- The remaining production from PAPERSHELL STATE UNIT is estimated to be worth about $26.0M in total as of 26 August 2026, within a range of $21.3M to $30.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PAPERSHELL STATE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production PAPERSHELL STATE UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PAPERSHELL STATE UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does PAPERSHELL STATE UNIT generate in a year?
- PAPERSHELL STATE UNIT is forecast to net about $7.8M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PAPERSHELL STATE UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Continental Resources, Inc. |
|---|---|
| Field | Ruppel (Woodford) |
| County | Pecos County, Texas |
| RRC district | 08 |
| Lease number | 299605 |
| Wellbores | 1 |
| Reported production | 2,268,266 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $26.0M |
Where PAPERSHELL STATE 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.