SHIELDS
SHIELDS is a Texas gas lease in Wharton County, Railroad Commission district 03, operated by Great Western Onshore Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 349,081 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 $1K, with roughly $187 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 8 thousand cubic feet a month. Its strongest month on the record we hold was March 2018, at 1,262 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 100% 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 SHIELDS
- Who operates SHIELDS?
- SHIELDS is operated by Great Western Onshore Inc., Railroad Commission of Texas operator number 328793.
- Where is SHIELDS?
- SHIELDS is a Texas gas lease in Wharton County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 119919.
- Is SHIELDS still producing?
- SHIELDS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SHIELDS is August 2026.
- How much has SHIELDS produced?
- SHIELDS has reported 349,081 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is SHIELDS worth?
- The remaining production from SHIELDS is estimated to be worth about $1K in total as of 26 August 2026, within a range of $0 to $3K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SHIELDS is a fraction of it. The estimate fits an Arps decline curve to the production SHIELDS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SHIELDS is an estimate of value, not an offer and not an appraisal.
- How much income does SHIELDS generate in a year?
- SHIELDS is forecast to net about $187 across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SHIELDS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Great Western Onshore Inc. |
|---|---|
| Field | Bonus, S.E. (7400) |
| County | Wharton County, Texas |
| RRC district | 03 |
| Lease number | 119919 |
| Wellbores | 1 |
| Reported production | 349,081 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $1K |
Where SHIELDS 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.