SHEETS
SHEETS is a Texas oil lease in Wheeler County, Railroad Commission district 10, operated by J-Brex Company. It has 2 wellbores on file with the Commission. Reported production runs from October 2015 to August 2026, totalling 9,496 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 $121K, with roughly $23K 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 44 barrels a month, about 22 per wellbore. Its strongest month on the record we hold was May 2016, at 341 barrels. 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 SHEETS
- Who operates SHEETS?
- SHEETS is operated by J-Brex Company, Railroad Commission of Texas operator number 427513.
- Where is SHEETS?
- SHEETS is a Texas oil lease in Wheeler County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 09429.
- Is SHEETS still producing?
- SHEETS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SHEETS is August 2026.
- How much has SHEETS produced?
- SHEETS has reported 9,496 barrels of oil (bbl) to the Railroad Commission of Texas between October 2015 and August 2026, from 2 wellbores.
- How much is SHEETS worth?
- The remaining production from SHEETS is estimated to be worth about $121K in total as of 26 August 2026, within a range of $67K to $176K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SHEETS is a fraction of it. The estimate fits an Arps decline curve to the production SHEETS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SHEETS is an estimate of value, not an offer and not an appraisal.
- How much income does SHEETS generate in a year?
- SHEETS is forecast to net about $23K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SHEETS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | J-Brex Company |
|---|---|
| Field | Panhandle Wheeler County Field |
| County | Wheeler County, Texas |
| RRC district | 10 |
| Lease number | 09429 |
| Wellbores | 2 |
| Reported production | 9,496 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $121K |
Where SHEETS 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.