CHEATHAM
CHEATHAM is a Texas gas lease in Sherman County, Railroad Commission district 10, operated by Maxus Exploration Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 644,808 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 $178K, with roughly $28K 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 1,010 thousand cubic feet a month. Its strongest month on the record we hold was May 2020, at 1,760 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% 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 CHEATHAM
- Who operates CHEATHAM?
- CHEATHAM is operated by Maxus Exploration Company, Railroad Commission of Texas operator number 534237.
- Where is CHEATHAM?
- CHEATHAM is a Texas gas lease in Sherman County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 028061.
- Is CHEATHAM still producing?
- CHEATHAM is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CHEATHAM is August 2026.
- How much has CHEATHAM produced?
- CHEATHAM has reported 644,808 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is CHEATHAM worth?
- The remaining production from CHEATHAM is estimated to be worth about $178K in total as of 27 August 2026, within a range of $147K to $208K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CHEATHAM is a fraction of it. The estimate fits an Arps decline curve to the production CHEATHAM has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CHEATHAM is an estimate of value, not an offer and not an appraisal.
- How much income does CHEATHAM generate in a year?
- CHEATHAM is forecast to net about $28K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CHEATHAM receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Maxus Exploration Company |
|---|---|
| Field | Texas Hugoton |
| County | Sherman County, Texas |
| RRC district | 10 |
| Lease number | 028061 |
| Wellbores | 1 |
| Reported production | 644,808 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $178K |
Where CHEATHAM 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.