SHIPLEY QUEEN SAND UNIT
SHIPLEY QUEEN SAND UNIT is a Texas oil lease in Ward County, Railroad Commission district 08, operated by R. W. S. Oil Co. It has 177 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 2,002,651 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 $14.8M, with roughly $3.7M 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 5,537 barrels a month, about 31 per wellbore. Its strongest month on the record we hold was May 2016, at 27,680 barrels. 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 SHIPLEY QUEEN SAND UNIT
- Who operates SHIPLEY QUEEN SAND UNIT?
- SHIPLEY QUEEN SAND UNIT is operated by R. W. S. Oil Co., Railroad Commission of Texas operator number 687689.
- Where is SHIPLEY QUEEN SAND UNIT?
- SHIPLEY QUEEN SAND UNIT is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 09999.
- Is SHIPLEY QUEEN SAND UNIT still producing?
- SHIPLEY QUEEN SAND UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SHIPLEY QUEEN SAND UNIT is August 2026.
- How much has SHIPLEY QUEEN SAND UNIT produced?
- SHIPLEY QUEEN SAND UNIT has reported 2,002,651 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 177 wellbores.
- How much is SHIPLEY QUEEN SAND UNIT worth?
- The remaining production from SHIPLEY QUEEN SAND UNIT is estimated to be worth about $14.8M in total as of 26 August 2026, within a range of $12.3M to $17.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SHIPLEY QUEEN SAND UNIT is a fraction of it. The estimate fits an Arps decline curve to the production SHIPLEY QUEEN SAND UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SHIPLEY QUEEN SAND UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does SHIPLEY QUEEN SAND UNIT generate in a year?
- SHIPLEY QUEEN SAND UNIT is forecast to net about $3.7M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SHIPLEY QUEEN SAND UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | R. W. S. Oil Co. |
|---|---|
| Field | Shipley (Queen Sand) |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 09999 |
| Wellbores | 177 |
| Reported production | 2,002,651 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $14.8M |
Where SHIPLEY QUEEN SAND 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.