SHEERIN "C"
SHEERIN "C" is a Texas gas lease in Starr County, Railroad Commission district 04, operated by Legend Natural Gas III, LP. It has 1 wellbore on file with the Commission. Reported production runs from August 2008 to August 2026, totalling 1,423,482 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 $71K, with roughly $15K 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 451 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 2,365 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 SHEERIN "C"
- Who operates SHEERIN "C"?
- SHEERIN "C" is operated by Legend Natural Gas III, LP, Railroad Commission of Texas operator number 495553.
- Where is SHEERIN "C"?
- SHEERIN "C" is a Texas gas lease in Starr County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 241585.
- Is SHEERIN "C" still producing?
- SHEERIN "C" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SHEERIN "C" is August 2026.
- How much has SHEERIN "C" produced?
- SHEERIN "C" has reported 1,423,482 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 2008 and August 2026, from 1 wellbore.
- How much is SHEERIN "C" worth?
- The remaining production from SHEERIN "C" is estimated to be worth about $71K in total as of 26 August 2026, within a range of $55K to $86K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SHEERIN "C" is a fraction of it. The estimate fits an Arps decline curve to the production SHEERIN "C" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SHEERIN "C" is an estimate of value, not an offer and not an appraisal.
- How much income does SHEERIN "C" generate in a year?
- SHEERIN "C" is forecast to net about $15K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SHEERIN "C" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Legend Natural Gas III, LP |
|---|---|
| Field | Garcias Ridge (Queen City) |
| County | Starr County, Texas |
| RRC district | 04 |
| Lease number | 241585 |
| Wellbores | 1 |
| Reported production | 1,423,482 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $71K |
Where SHEERIN "C" 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.