PROP
PROP is a Texas gas lease in Sherman County, Railroad Commission district 10, operated by Herrmann, J.B. It has 1 wellbore on file with the Commission. Reported production runs from May 1997 to August 2026, totalling 379,561 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 $68K, 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 742 thousand cubic feet a month. Its strongest month on the record we hold was May 2025, at 1,022 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 PROP
- Who operates PROP?
- PROP is operated by Herrmann, J.B., Railroad Commission of Texas operator number 381190.
- Where is PROP?
- PROP is a Texas gas lease in Sherman County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 163626.
- Is PROP still producing?
- PROP is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PROP is August 2026.
- How much has PROP produced?
- PROP has reported 379,561 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between May 1997 and August 2026, from 1 wellbore.
- How much is PROP worth?
- The remaining production from PROP is estimated to be worth about $68K in total as of 26 August 2026, within a range of $53K to $83K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PROP is a fraction of it. The estimate fits an Arps decline curve to the production PROP has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PROP is an estimate of value, not an offer and not an appraisal.
- How much income does PROP generate in a year?
- PROP 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 PROP receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Herrmann, J.B. |
|---|---|
| Field | Texas Hugoton |
| County | Sherman County, Texas |
| RRC district | 10 |
| Lease number | 163626 |
| Wellbores | 1 |
| Reported production | 379,561 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $68K |
Where PROP 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.