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Texas oil lease

Producing

UNDERWOOD

Underwood is an oil lease in Milam County, Texas, operated by Sheldon Resources, L.P. in the W.c. Finch (Simsboro 1900) field.

14 wells

2,369bbl oil, last 12 months−28% vs prior year
Operator
Sheldon Resources, L.P.
County
Milam County
Field
W.c. Finch (Simsboro 1900)
RRC lease
01-11691

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Where it sits

This county

Milam CountyMilamFallsBellWilliamsonBrazosBurlesonRobertsonMilam County
Milam County
Oil in Jul 2026
21 bbl
Reporting since
Jan 2020

Production by month

Oil output fell 28% over the last 12 months

  • Oil (bars)
  • Last 12 months
Oil output fell 28% over the last 12 monthsMonthly oil production for UNDERWOOD, Aug 2023 to Jul 2026. Oil output fell 28% over the last 12 months. 2,369 bbl in the 12 months through Jul 2026, against 3,288 bbl in the 12 months before.Last 12 months: 2,369 bblbbl per month0100200300400500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 28% over the last 12 monthsMonthly oil production for UNDERWOOD, Aug 2023 to Jul 2026. Oil output fell 28% over the last 12 months. 2,369 bbl in the 12 months through Jul 2026, against 3,288 bbl in the 12 months before.Last 12 monthsbbl per month0100200300400500Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

No gas disposition reported for this lease

The operator has not reported where the gas went in the months we hold.

14 wells on this lease

Wells on UNDERWOOD
API numberWell no.Status
42-331-330682Active
42-331-332894Active
42-331-333285Active
42-331-333446Active
42-331-334097Active
42-331-334428Active
42-331-334439Active
42-331-3347312Active
42-331-3347410Active
42-331-3355911Active
42-331-3364414Active
42-331-3371813Active
42-331-3500515Active
42-331-3500816Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Ace Gathering, Inc.OilGathers50Feb 1, 2018–
Energy Transfer Marketing & TermOilGathers50Dec 1, 2022–
Sunoco Ptnrs. Mktg.&terminals LPOilGathers50Feb 1, 2018Dec 1, 2022

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

Who buys my oilOil price check

119.12 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 119 and 119.15 acres. Use the acres from your own division order for the well you are paid on.

  • Good to know

    14 wells are listed on this lease

    Each well can have its own unit. The decimal for one well does not have to equal the decimal for another.

Check your decimal on this lease
Permits for Underwood
API numberWell no.Acreson the permit
42-331-3500515119.12
42-331-3500816119.12
42-331-3371813119.15
42-331-3364414119.12
42-331-3355911119.11
42-331-3347312119.11
42-331-3347410119.11
42-331-334439119
42-331-334428119
42-331-334097119
42-331-333446119
42-331-333285119

SourceRailroad Commission drilling permits, Oct 3, 2026 (source 1, source 2).

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for UNDERWOOD
MonthOil producedbblOil soldbblWTI$/bblHenry Hub$/MMBtu
Jul 2026210$80.46$2.89
Jun 202615160$84.81$3.15
May 2026217166$102.13$2.94
Apr 2026219180$100.32$2.77
Mar 2026213377$91.38$3.04
Feb 2026299276$64.51$3.62
Jan 20261190$60.04$7.72
Dec 2025193343$57.97$4.26
Nov 2025265165$60.06$3.79
Oct 2025217159$60.89$3.19
Sep 2025266170$63.96$2.97
Aug 2025325330$64.86$2.91
Jul 2025353331$68.39$3.20
Jun 2025221346$68.17$3.02
May 2025282220$62.17$3.12
Apr 2025189223$63.54$3.42
Mar 2025197317$68.24$4.12
Feb 2025157165$71.53$4.19
Jan 2025137170$75.74$4.13
Dec 20242500$70.12$3.01
Nov 2024308443$69.95$2.12
Oct 2024396324$71.99$2.20
Sep 2024345324$70.24$2.28
Aug 2024453759$76.68$1.99
Jul 2024352343$81.80$2.07
Jun 2024475305$79.77$2.54
May 2024374324$80.02$2.12
Apr 2024408470$85.35$1.60
Mar 2024427330$81.28$1.49
Feb 2024403489$77.25$1.72
Jan 2024352332$74.15$3.18
Dec 2023277332$71.90$2.52
Nov 2023285389$77.69$2.71
Oct 2023379172$85.64$2.98
Sep 2023418413$89.43$2.64
Aug 2023420440$81.39$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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Nearby

This lease belongs to

OperatorSheldon Resources, L.P.FieldW.c. Finch (Simsboro 1900)CountyMilam County

Sheldon Resources, L.P. in Milam County

All Sheldon Resources, L.P. leases →

W.c. Finch (Simsboro 1900) field

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