SIMPSON-REES GAS UNIT
SIMPSON-REES GAS UNIT is a Texas gas lease in Sherman County, Railroad Commission district 10, operated by BP America Production Company. It has 1 wellbore on file with the Commission. Reported production runs from July 2008 to August 2026, totalling 829,936 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 $327K, with roughly $50K 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 2,083 thousand cubic feet a month. Its strongest month on the record we hold was February 2017, at 3,715 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 SIMPSON-REES GAS UNIT
- Who operates SIMPSON-REES GAS UNIT?
- SIMPSON-REES GAS UNIT is operated by BP America Production Company, Railroad Commission of Texas operator number 040798.
- Where is SIMPSON-REES GAS UNIT?
- SIMPSON-REES GAS UNIT is a Texas gas lease in Sherman County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 242519.
- Is SIMPSON-REES GAS UNIT still producing?
- SIMPSON-REES GAS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SIMPSON-REES GAS UNIT is August 2026.
- How much has SIMPSON-REES GAS UNIT produced?
- SIMPSON-REES GAS UNIT has reported 829,936 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between July 2008 and August 2026, from 1 wellbore.
- How much is SIMPSON-REES GAS UNIT worth?
- The remaining production from SIMPSON-REES GAS UNIT is estimated to be worth about $327K in total as of 27 August 2026, within a range of $272K to $383K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SIMPSON-REES GAS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production SIMPSON-REES GAS UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SIMPSON-REES GAS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does SIMPSON-REES GAS UNIT generate in a year?
- SIMPSON-REES GAS UNIT is forecast to net about $50K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SIMPSON-REES GAS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | BP America Production Company |
|---|---|
| Field | Texas Hugoton |
| County | Sherman County, Texas |
| RRC district | 10 |
| Lease number | 242519 |
| Wellbores | 1 |
| Reported production | 829,936 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $327K |
Where SIMPSON-REES GAS 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.