FRETT
FRETT is a Texas gas lease in Sherman County, Railroad Commission district 10, operated by Phillips Petroleum Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 270,555 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 $91K, with roughly $14K 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 631 thousand cubic feet a month. Its strongest month on the record we hold was December 2024, at 743 thousand cubic feet. 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 FRETT
- Who operates FRETT?
- FRETT is operated by Phillips Petroleum Company, Railroad Commission of Texas operator number 663680.
- Where is FRETT?
- FRETT is a Texas gas lease in Sherman County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 027572.
- Is FRETT still producing?
- FRETT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FRETT is August 2026.
- How much has FRETT produced?
- FRETT has reported 270,555 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is FRETT worth?
- The remaining production from FRETT is estimated to be worth about $91K in total as of 26 August 2026, within a range of $71K to $111K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FRETT is a fraction of it. The estimate fits an Arps decline curve to the production FRETT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FRETT is an estimate of value, not an offer and not an appraisal.
- How much income does FRETT generate in a year?
- FRETT is forecast to net about $14K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in FRETT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Phillips Petroleum Company |
|---|---|
| Field | Texas Hugoton |
| County | Sherman County, Texas |
| RRC district | 10 |
| Lease number | 027572 |
| Wellbores | 1 |
| Reported production | 270,555 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $91K |
Where FRETT 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.