CHERYL "51"
CHERYL "51" is a Texas gas lease in Stephens County, Railroad Commission district 7B, operated by Marjac Oil Company, Inc. It has 1 wellbore on file with the Commission. Reported production runs from August 2005 to August 2026, totalling 239,514 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 $475K, with roughly $99K 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 682 thousand cubic feet a month. Its strongest month on the record we hold was August 2024, at 968 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 CHERYL "51"
- Who operates CHERYL "51"?
- CHERYL "51" is operated by Marjac Oil Company, Inc., Railroad Commission of Texas operator number 526262.
- Where is CHERYL "51"?
- CHERYL "51" is a Texas gas lease in Stephens County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 212084.
- Is CHERYL "51" still producing?
- CHERYL "51" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CHERYL "51" is August 2026.
- How much has CHERYL "51" produced?
- CHERYL "51" has reported 239,514 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 2005 and August 2026, from 1 wellbore.
- How much is CHERYL "51" worth?
- The remaining production from CHERYL "51" is estimated to be worth about $475K in total as of 26 August 2026, within a range of $370K to $579K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CHERYL "51" is a fraction of it. The estimate fits an Arps decline curve to the production CHERYL "51" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CHERYL "51" is an estimate of value, not an offer and not an appraisal.
- How much income does CHERYL "51" generate in a year?
- CHERYL "51" is forecast to net about $99K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CHERYL "51" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Marjac Oil Company, Inc. |
|---|---|
| Field | Walker-Davis (Marble Falls) |
| County | Stephens County, Texas |
| RRC district | 7B |
| Lease number | 212084 |
| Wellbores | 1 |
| Reported production | 239,514 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $475K |
Where CHERYL "51" 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.