SCHULTE UNIT
SCHULTE UNIT is a Texas gas lease in Washington County, Railroad Commission district 03, operated by Seneca Resources Corporation. It has 1 wellbore on file with the Commission. Reported production runs from December 1995 to August 2026, totalling 4,986,301 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 $8K, with roughly $1K 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 47 thousand cubic feet a month. Its strongest month on the record we hold was June 2017, at 15,204 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 45% 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 SCHULTE UNIT
- Who operates SCHULTE UNIT?
- SCHULTE UNIT is operated by Seneca Resources Corporation, Railroad Commission of Texas operator number 767060.
- Where is SCHULTE UNIT?
- SCHULTE UNIT is a Texas gas lease in Washington County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 157450.
- Is SCHULTE UNIT still producing?
- SCHULTE UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SCHULTE UNIT is August 2026.
- How much has SCHULTE UNIT produced?
- SCHULTE UNIT has reported 4,986,301 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between December 1995 and August 2026, from 1 wellbore.
- How much is SCHULTE UNIT worth?
- The remaining production from SCHULTE UNIT is estimated to be worth about $8K in total as of 27 August 2026, within a range of $4K to $12K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SCHULTE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production SCHULTE UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SCHULTE UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does SCHULTE UNIT generate in a year?
- SCHULTE UNIT is forecast to net about $1K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SCHULTE UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Seneca Resources Corporation |
|---|---|
| Field | Giddings (Austin Chalk, Gas) |
| County | Washington County, Texas |
| RRC district | 03 |
| Lease number | 157450 |
| Wellbores | 1 |
| Reported production | 4,986,301 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $8K |
Where SCHULTE 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.