KEITH
KEITH is a Texas oil 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 139,747 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 $1.3M, with roughly $302K 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 364 barrels a month. Its strongest month on the record we hold was January 2020, at 685 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 KEITH
- Who operates KEITH?
- KEITH is operated by Phillips Petroleum Company, Railroad Commission of Texas operator number 663680.
- Where is KEITH?
- KEITH is a Texas oil lease in Sherman County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 04249.
- Is KEITH still producing?
- KEITH is currently producing. The most recent month of production reported to the Railroad Commission of Texas for KEITH is August 2026.
- How much has KEITH produced?
- KEITH has reported 139,747 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is KEITH worth?
- The remaining production from KEITH is estimated to be worth about $1.3M in total as of 26 August 2026, within a range of $1.0M to $1.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KEITH is a fraction of it. The estimate fits an Arps decline curve to the production KEITH has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for KEITH is an estimate of value, not an offer and not an appraisal.
- How much income does KEITH generate in a year?
- KEITH is forecast to net about $302K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in KEITH receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Phillips Petroleum Company |
|---|---|
| Field | Coldwater Creek (Marmaton) |
| County | Sherman County, Texas |
| RRC district | 10 |
| Lease number | 04249 |
| Wellbores | 1 |
| Reported production | 139,747 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.3M |
Where KEITH 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.