Oil and gas leases in Laredo Petroleum, Inc. — page 3

Laredo Petroleum, Inc. is a Texas operator, Commission number 486610, with 704 leases reporting production across 9 counties. 504 of them are oil leases and 200 are gas leases. Between them they carry 1,082 wellbores. Reported volumes run from January 2007 to August 2026 and come to 116.5 million barrels of oil and 139.9 million Mcf of gas. Every lease below has its own page with a decline-curve forecast and an estimate of what the whole lease is worth.

Key facts about Laredo Petroleum, Inc.

How many oil and gas leases are in Laredo Petroleum, Inc.?: Laredo Petroleum, Inc. has 704 oil and gas leases with production reported to the Railroad Commission of Texas, as of August 2026.
How much oil and gas has Laredo Petroleum, Inc. produced?: Leases in Laredo Petroleum, Inc. have reported 116,527,897 barrels of oil (bbl) and 139,946,060 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 2007 and August 2026.
How much are mineral rights in Laredo Petroleum, Inc. worth?: There is no single figure: what a mineral or royalty interest in Laredo Petroleum, Inc. is worth depends on the individual lease, its decline, and the share the owner holds. Each of the 704 leases listed here has its own page with the full production history the operator reported, a decline-curve forecast, and an estimate of what a royalty interest in it is worth today.

Leases — page 3 of 4

MCDOWELL C 173-174 (ALLOC-A) — oil, Laredo Petroleum, Inc., Reagan County, 218 thousand reported
JL MCMASTER 155-4 (ALLOC-F) — oil, Laredo Petroleum, Inc., Reagan County, 218 thousand reported
MIZE C 145-146 (ALLOC-G) — oil, Laredo Petroleum, Inc., Reagan County, 218 thousand reported
BARBEE B 2-1 (ALLOC-D) — oil, Laredo Petroleum, Inc., Glasscock County, 218 thousand reported
MIZE C 145-146 (ALLOC-D) — oil, Laredo Petroleum, Inc., Reagan County, 218 thousand reported
PATTEN UNIT — gas, Laredo Petroleum, Inc., Hansford County, 217 thousand reported
J.E. COX 32-29 (ALLOC-F) — oil, Laredo Petroleum, Inc., Glasscock County, 217 thousand reported
HOLT E 130-132 (ALLOC-D) — oil, Laredo Petroleum, Inc., Reagan County, 216 thousand reported
GLASS 213-192 (ALLOC-B) — oil, Laredo Petroleum, Inc., Glasscock County, 216 thousand reported
SUGG B113-114 (ALLOC-E) — oil, Laredo Petroleum, Inc., Reagan County, 216 thousand reported
MIZE C 145-146 (ALLOC-F) — oil, Laredo Petroleum, Inc., Reagan County, 216 thousand reported
CALVERLEY 5-44 (ALLOC-F) — oil, Laredo Petroleum, Inc., Glasscock County, 214 thousand reported
BARBEE B 47-1 (ALLOC-G) — oil, Laredo Petroleum, Inc., Glasscock County, 214 thousand reported
HOLT E 130-132 (ALLOC-H) — oil, Laredo Petroleum, Inc., Reagan County, 213 thousand reported
G. SCHWARTZ 17-8 (ALLOC-E) — oil, Laredo Petroleum, Inc., Glasscock County, 212 thousand reported
E. B. FLOWERS 1 — gas, Laredo Petroleum, Inc., Hemphill County, 212 thousand reported
MR. PHILLIPS 11-02 D — oil, Laredo Petroleum, Inc., Howard County, 212 thousand reported
LPI-WILDE 10 — oil, Laredo Petroleum, Inc., Glasscock County, 212 thousand reported
TEPE ESTATE 37 — gas, Laredo Petroleum, Inc., Hemphill County, 212 thousand reported
COOK E20M — oil, Laredo Petroleum, Inc., Glasscock County, 211 thousand reported
KL WEST GAS UNIT — gas, Laredo Petroleum, Inc., Hutchinson County, 210 thousand reported
COX 21-16 (ALLOC-E) — oil, Laredo Petroleum, Inc., Glasscock County, 210 thousand reported
SUGG A 141-140 (ALLOC-G) — oil, Laredo Petroleum, Inc., Reagan County, 210 thousand reported
FUCHS F 46-34 (ALLOC-A) — oil, Laredo Petroleum, Inc., Glasscock County, 209 thousand reported
MIZE C 145-146 (ALLOC-E) — oil, Laredo Petroleum, Inc., Reagan County, 209 thousand reported
CURRIE RANCH 14 — oil, Laredo Petroleum, Inc., Glasscock County, 209 thousand reported
BARBEE B 2-1 (ALLOC-E) — oil, Laredo Petroleum, Inc., Glasscock County, 207 thousand reported
COX 21-16 (ALLOC-H) — oil, Laredo Petroleum, Inc., Glasscock County, 206 thousand reported
LYNDA 41-44 (ALLOC-D) — oil, Laredo Petroleum, Inc., Glasscock County, 205 thousand reported
SUGG A 185-187 (ALLOC-F) — oil, Laredo Petroleum, Inc., Reagan County, 205 thousand reported
CALVERLEY 40 — oil, Laredo Petroleum, Inc., Glasscock County, 204 thousand reported
TAYLOR A 14-16 (ALLOC-G) — oil, Laredo Petroleum, Inc., Reagan County, 202 thousand reported
GRAHAM 186-187 (ALLOC-B) — oil, Laredo Petroleum, Inc., Reagan County, 201 thousand reported
GILBERT 25-24 (ALLOC-G) — oil, Laredo Petroleum, Inc., Howard County, 199 thousand reported
FUCHS D 46-39 (ALLOC-F) — oil, Laredo Petroleum, Inc., Reagan County, 199 thousand reported
LACY CREEK 2 — oil, Laredo Petroleum, Inc., Glasscock County, 198 thousand reported
SUGG B 111-112 (ALLOC-G) — oil, Laredo Petroleum, Inc., Reagan County, 198 thousand reported
GLASS 15-10 (ALLOC-C) — oil, Laredo Petroleum, Inc., Glasscock County, 196 thousand reported
VON GONTEN 160-161 (ALLOC-F) — oil, Laredo Petroleum, Inc., Reagan County, 196 thousand reported
VON GONTEN 160-161 (ALLOC-B) — oil, Laredo Petroleum, Inc., Reagan County, 195 thousand reported
CALVERLEY 5 — oil, Laredo Petroleum, Inc., Glasscock County, 195 thousand reported
ROBERTS-SCHAFER 6A — oil, Laredo Petroleum, Inc., Glasscock County, 194 thousand reported
SUGG E 208-209 (ALLOC-E) — oil, Laredo Petroleum, Inc., Reagan County, 193 thousand reported
SUGG A 141-140 (ALLOC-C) — oil, Laredo Petroleum, Inc., Reagan County, 192 thousand reported
JL MCMASTER 155-15 (ALLOC-A) — oil, Laredo Petroleum, Inc., Reagan County, 192 thousand reported
SUGG A 141-140 (ALLOC-F) — oil, Laredo Petroleum, Inc., Reagan County, 191 thousand reported
LPI-SPANGLER 44 — oil, Laredo Petroleum, Inc., Glasscock County, 191 thousand reported
LPI-DRIVER 33 — oil, Laredo Petroleum, Inc., Glasscock County, 191 thousand reported
HOLT E 130-132 (ALLOC-E) — oil, Laredo Petroleum, Inc., Reagan County, 191 thousand reported
SUGG E 208-207 (ALLOC-H) — oil, Laredo Petroleum, Inc., Reagan County, 189 thousand reported
BEARKAT 9-4 (ALLOC-D) — oil, Laredo Petroleum, Inc., Glasscock County, 189 thousand reported
BARBEE B 2-6 (ALLOC-C) — oil, Laredo Petroleum, Inc., Glasscock County, 186 thousand reported
SUGG A 197-195 (ALLOC-H) — oil, Laredo Petroleum, Inc., Reagan County, 184 thousand reported
BARBEE C 1-1 (ALLOC-E) — oil, Laredo Petroleum, Inc., Glasscock County, 183 thousand reported
SUGG B113-114 (ALLOC-G) — oil, Laredo Petroleum, Inc., Reagan County, 183 thousand reported
COOK E20L — oil, Laredo Petroleum, Inc., Glasscock County, 181 thousand reported
SUGG B113-114 (ALLOC-B) — oil, Laredo Petroleum, Inc., Reagan County, 180 thousand reported
BEARKAT 8-5 (ALLOC-D) — oil, Laredo Petroleum, Inc., Glasscock County, 177 thousand reported
J.E. COX 32-29 (ALLOC-C) — oil, Laredo Petroleum, Inc., Glasscock County, 177 thousand reported
SUGG B 163-162 (ALLOC-G) — oil, Laredo Petroleum, Inc., Reagan County, 176 thousand reported
ROBERTS-SCHAFER 10 — oil, Laredo Petroleum, Inc., Glasscock County, 175 thousand reported
BIRDIE MAE 12 — oil, Laredo Petroleum, Inc., Glasscock County, 174 thousand reported
CROOKS — gas, Laredo Petroleum, Inc., Hansford County, 173 thousand reported
ZEBU — oil, Laredo Petroleum, Inc., Glasscock County, 171 thousand reported
LANE TR E 43-42 (ALLOC-F) — oil, Laredo Petroleum, Inc., Reagan County, 171 thousand reported
LACY CREEK 24 — oil, Laredo Petroleum, Inc., Glasscock County, 171 thousand reported
J.E. COX 32-29 (ALLOC-A) — oil, Laredo Petroleum, Inc., Glasscock County, 170 thousand reported
FUCHS G 46-34 (ALLOC-A) — oil, Laredo Petroleum, Inc., Glasscock County, 170 thousand reported
LYNDA 41-44 (ALLOC-C) — oil, Laredo Petroleum, Inc., Glasscock County, 169 thousand reported
BARBEE B 2-1 (ALLOC-G) — oil, Laredo Petroleum, Inc., Glasscock County, 169 thousand reported
GLASS 215-218A (ALLOC-B) — oil, Laredo Petroleum, Inc., Glasscock County, 169 thousand reported
JARVIS HOLT 5 — gas, Laredo Petroleum, Inc., Hutchinson County, 168 thousand reported
TAYLOR A 14-16 (ALLOC-F) — oil, Laredo Petroleum, Inc., Reagan County, 168 thousand reported
FUCHS D 46-39 (ALLOC-E) — oil, Laredo Petroleum, Inc., Reagan County, 166 thousand reported
ELM CREEK RANCH 7 — gas, Laredo Petroleum, Inc., Hemphill County, 166 thousand reported
CALVERLEY 40A — oil, Laredo Petroleum, Inc., Glasscock County, 163 thousand reported
GLASS 4 — oil, Laredo Petroleum, Inc., Glasscock County, 163 thousand reported
SUGG B131-133 (ALLOC-C) — oil, Laredo Petroleum, Inc., Reagan County, 162 thousand reported
SUGG B 163-162 (ALLOC-D) — oil, Laredo Petroleum, Inc., Reagan County, 162 thousand reported
TRENTINO 36-37 (ALLOC-DA) — oil, Laredo Petroleum, Inc., Howard County, 160 thousand reported
SUGG B131-132 (ALLOC-B) — oil, Laredo Petroleum, Inc., Reagan County, 158 thousand reported
SUGG A 141-140 (ALLOC-E) — oil, Laredo Petroleum, Inc., Reagan County, 157 thousand reported
JL MCMASTER C 13-13 (ALLOC-B) — oil, Laredo Petroleum, Inc., Reagan County, 156 thousand reported
CALVERLEY 44 — oil, Laredo Petroleum, Inc., Glasscock County, 155 thousand reported
BARBEE B 47-38 (ALLOC-F) — oil, Laredo Petroleum, Inc., Glasscock County, 153 thousand reported
SUGG A 141-140 (ALLOC-B) — oil, Laredo Petroleum, Inc., Reagan County, 152 thousand reported
SUGG E 208-209 (ALLOC-H) — oil, Laredo Petroleum, Inc., Reagan County, 152 thousand reported
SUGG B113-114 (ALLOC-F) — oil, Laredo Petroleum, Inc., Reagan County, 151 thousand reported
SUGG B 111-112 (ALLOC-H) — oil, Laredo Petroleum, Inc., Reagan County, 150 thousand reported
SUGG B113-114 (ALLOC-D) — oil, Laredo Petroleum, Inc., Reagan County, 150 thousand reported
SUGG B131-133 (ALLOC-A) — oil, Laredo Petroleum, Inc., Reagan County, 149 thousand reported
SRH E 7-8 (PSA-A) — oil, Laredo Petroleum, Inc., Reagan County, 147 thousand reported
SUGG E 208-207 (ALLOC-B) — oil, Laredo Petroleum, Inc., Reagan County, 147 thousand reported
JL MCMASTER 155-23 (ALLOC-C) — oil, Laredo Petroleum, Inc., Reagan County, 147 thousand reported
SUGG A 141-140 (ALLOC-D) — oil, Laredo Petroleum, Inc., Reagan County, 147 thousand reported
LACY CREEK 42 — oil, Laredo Petroleum, Inc., Glasscock County, 144 thousand reported
HOOVER A — gas, Laredo Petroleum, Inc., Hansford County, 141 thousand reported
TAYLOR A 14-16 (ALLOC-D) — oil, Laredo Petroleum, Inc., Reagan County, 137 thousand reported
SUGG B 111-110 (ALLOC-H) — oil, Laredo Petroleum, Inc., Reagan County, 136 thousand reported
RATLIFF 17 UNIT — oil, Laredo Petroleum, Inc., Glasscock County, 135 thousand reported
LANE TR E 43-42 (ALLOC-C) — oil, Laredo Petroleum, Inc., Reagan County, 132 thousand reported
HANSFORD GAS UNIT 25 — gas, Laredo Petroleum, Inc., Hansford County, 132 thousand reported
SUGG B 111-110 (ALLOC-F) — oil, Laredo Petroleum, Inc., Reagan County, 130 thousand reported
LPI-HOELSCHER 31 — oil, Laredo Petroleum, Inc., Glasscock County, 129 thousand reported
SUGG B 111-112 (ALLOC-F) — oil, Laredo Petroleum, Inc., Reagan County, 129 thousand reported
LAZY E 17 — oil, Laredo Petroleum, Inc., Glasscock County, 128 thousand reported
LPI-BEDNAR 44 — oil, Laredo Petroleum, Inc., Glasscock County, 127 thousand reported
GRAHAM 186-187 (ALLOC-G) — oil, Laredo Petroleum, Inc., Reagan County, 127 thousand reported
GRAHAM 186-187 (ALLOC-E) — oil, Laredo Petroleum, Inc., Reagan County, 125 thousand reported
SUGG B113-114 (ALLOC-H) — oil, Laredo Petroleum, Inc., Reagan County, 124 thousand reported
HANSFORD GAS UNIT 9 — gas, Laredo Petroleum, Inc., Hansford County, 123 thousand reported
SUGG B 163-162 (ALLOC-F) — oil, Laredo Petroleum, Inc., Reagan County, 122 thousand reported
HOELSCHER 43 — oil, Laredo Petroleum, Inc., Glasscock County, 121 thousand reported
LPI-KLOESEL 31-30 (ALLOC-D) — oil, Laredo Petroleum, Inc., Glasscock County, 119 thousand reported
LACY CREEK 12 — oil, Laredo Petroleum, Inc., Glasscock County, 119 thousand reported
SRH A 9-8 (PSA-N) — oil, Laredo Petroleum, Inc., Reagan County, 117 thousand reported
RATLIFF 17 A UNIT — oil, Laredo Petroleum, Inc., Glasscock County, 117 thousand reported
G. SCHWARTZ 17-8 (ALLOC-B) — oil, Laredo Petroleum, Inc., Glasscock County, 115 thousand reported
BEDNAR 43 — oil, Laredo Petroleum, Inc., Glasscock County, 115 thousand reported
HANSFORD GAS UNIT 30 — oil, Laredo Petroleum, Inc., Hansford County, 114 thousand reported
BARBEE B 47-38 (ALLOC-D) — oil, Laredo Petroleum, Inc., Glasscock County, 114 thousand reported
GLASS 10 — oil, Laredo Petroleum, Inc., Glasscock County, 113 thousand reported
SUGG B 137-25 (ALLOC-F) — oil, Laredo Petroleum, Inc., Reagan County, 111 thousand reported
MARTIN 45 — oil, Laredo Petroleum, Inc., Howard County, 109 thousand reported
HANSFORD GAS UNIT 25 — gas, Laredo Petroleum, Inc., Hansford County, 108 thousand reported
SUGG A 171-172 (ALLOC-H) — oil, Laredo Petroleum, Inc., Reagan County, 105 thousand reported
LPI-ARCHER 39A — oil, Laredo Petroleum, Inc., Glasscock County, 104 thousand reported
HALFMANN 30 UNIT — oil, Laredo Petroleum, Inc., Glasscock County, 101 thousand reported
SUGG-B- — oil, Laredo Petroleum, Inc., Reagan County, 97 thousand reported
BODINE A 174-173 (ALLOC-B) — oil, Laredo Petroleum, Inc., Reagan County, 96 thousand reported
HALL 5 — oil, Laredo Petroleum, Inc., Glasscock County, 95 thousand reported
BELL 18 — oil, Laredo Petroleum, Inc., Glasscock County, 94 thousand reported
LACY CREEK 24A — oil, Laredo Petroleum, Inc., Glasscock County, 94 thousand reported
SUGG A 171-173 (ALLOC-H) — oil, Laredo Petroleum, Inc., Reagan County, 94 thousand reported
LPI-SCHWARTZ 30 — oil, Laredo Petroleum, Inc., Glasscock County, 92 thousand reported
LPI-ARCHER 39 — oil, Laredo Petroleum, Inc., Glasscock County, 92 thousand reported
DRIVER 43 — oil, Laredo Petroleum, Inc., Glasscock County, 91 thousand reported
LPI-GLASS 34 — oil, Laredo Petroleum, Inc., Glasscock County, 91 thousand reported
CURRIE TRUST 6 — oil, Laredo Petroleum, Inc., Glasscock County, 90 thousand reported
CLARA GREEN 28 — gas, Laredo Petroleum, Inc., Hemphill County, 89 thousand reported
LPI-HOCH 29 — oil, Laredo Petroleum, Inc., Glasscock County, 89 thousand reported
GLASS 192 — oil, Laredo Petroleum, Inc., Glasscock County, 88 thousand reported
LANE TRUST-E- — oil, Laredo Petroleum, Inc., Reagan County, 88 thousand reported
TEX 8 — oil, Laredo Petroleum, Inc., Howard County, 87 thousand reported
SUGG B 137-25 (ALLOC-G) — oil, Laredo Petroleum, Inc., Reagan County, 86 thousand reported
LPI-SCHWARTZ 19 — oil, Laredo Petroleum, Inc., Glasscock County, 85 thousand reported
SUGG B 137-25 (ALLOC-H) — oil, Laredo Petroleum, Inc., Reagan County, 84 thousand reported
LPI-KLOESEL 31 — oil, Laredo Petroleum, Inc., Glasscock County, 84 thousand reported
GLASS 214 — oil, Laredo Petroleum, Inc., Glasscock County, 83 thousand reported
LAZY E 19A — oil, Laredo Petroleum, Inc., Glasscock County, 83 thousand reported
LACY CREEK 36 — oil, Laredo Petroleum, Inc., Glasscock County, 82 thousand reported
CALVERLEY "5A" — oil, Laredo Petroleum, Inc., Glasscock County, 82 thousand reported
LPI-COX 21 — oil, Laredo Petroleum, Inc., Glasscock County, 82 thousand reported
KOHLS 22 — oil, Laredo Petroleum, Inc., Glasscock County, 79 thousand reported
MARY HELEN — oil, Laredo Petroleum, Inc., Glasscock County, 77 thousand reported
LACY CREEK 12A — oil, Laredo Petroleum, Inc., Glasscock County, 77 thousand reported
DRIVER — oil, Laredo Petroleum, Inc., Glasscock County, 76 thousand reported
ROBERTS-SCHAFER 6 — oil, Laredo Petroleum, Inc., Glasscock County, 75 thousand reported
DRIVER 43C — oil, Laredo Petroleum, Inc., Glasscock County, 75 thousand reported
GLASS 191 — oil, Laredo Petroleum, Inc., Glasscock County, 72 thousand reported
LACY CREEK 36 'A' — oil, Laredo Petroleum, Inc., Glasscock County, 71 thousand reported
WILLIAMS TRUST 189 — gas, Laredo Petroleum, Inc., Hansford County, 71 thousand reported
LPI-GLASS 40 — oil, Laredo Petroleum, Inc., Glasscock County, 70 thousand reported
PATTEN UNIT — gas, Laredo Petroleum, Inc., Hansford County, 70 thousand reported
GUTHRIE TRUST B — oil, Laredo Petroleum, Inc., Glasscock County, 70 thousand reported
CURRIE TRUST 28 — oil, Laredo Petroleum, Inc., Glasscock County, 67 thousand reported
LPI-GLASS 46A — oil, Laredo Petroleum, Inc., Glasscock County, 67 thousand reported
LACY CREEK 18 — oil, Laredo Petroleum, Inc., Glasscock County, 67 thousand reported
SUGG A 171-173 (ALLOC-E) — oil, Laredo Petroleum, Inc., Reagan County, 64 thousand reported
J.E.W. 10 — oil, Laredo Petroleum, Inc., Howard County, 63 thousand reported
GLASS 215 — oil, Laredo Petroleum, Inc., Glasscock County, 63 thousand reported
PATTEN UNIT — gas, Laredo Petroleum, Inc., Hansford County, 62 thousand reported
LPI-SEIDENBERGER 29 — oil, Laredo Petroleum, Inc., Glasscock County, 61 thousand reported
LAZY E 9 — oil, Laredo Petroleum, Inc., Howard County, 60 thousand reported
LPI-JANSA 19 — oil, Laredo Petroleum, Inc., Glasscock County, 60 thousand reported
LPI-GLASS 34A — oil, Laredo Petroleum, Inc., Glasscock County, 59 thousand reported
LAZY E 7 — oil, Laredo Petroleum, Inc., Howard County, 58 thousand reported
JUDY — oil, Laredo Petroleum, Inc., Glasscock County, 56 thousand reported
LPI-HOELSCHER 44 UNIT — oil, Laredo Petroleum, Inc., Glasscock County, 56 thousand reported
LANGLEY 41A — oil, Laredo Petroleum, Inc., Howard County, 55 thousand reported
SRH E 7-8 (PSA-A) — oil, Laredo Petroleum, Inc., Reagan County, 54 thousand reported
J.L.G. 11 — oil, Laredo Petroleum, Inc., Howard County, 53 thousand reported
LACY CREEK — oil, Laredo Petroleum, Inc., Glasscock County, 52 thousand reported
SUGG A 171-173 (ALLOC-C) — oil, Laredo Petroleum, Inc., Reagan County, 52 thousand reported
BRISBIN 12 — oil, Laredo Petroleum, Inc., Hartley County, 51 thousand reported
HARPER-B- — oil, Laredo Petroleum, Inc., Glasscock County, 51 thousand reported
LACY CREEK 18A — oil, Laredo Petroleum, Inc., Glasscock County, 51 thousand reported
SEIDEL 43 — oil, Laredo Petroleum, Inc., Glasscock County, 51 thousand reported
RATLIFF 17 — oil, Laredo Petroleum, Inc., Glasscock County, 51 thousand reported
BARBEE B 47-38 (ALLOC-B) — oil, Laredo Petroleum, Inc., Glasscock County, 50 thousand reported
ELM CREEK RANCH 35 — gas, Laredo Petroleum, Inc., Hemphill County, 49 thousand reported
GRANTHAM 31 — oil, Laredo Petroleum, Inc., Howard County, 47 thousand reported
CURRIE RANCH 21 — oil, Laredo Petroleum, Inc., Glasscock County, 47 thousand reported
FRERICH 22 — oil, Laredo Petroleum, Inc., Glasscock County, 46 thousand reported
LPI-HOCH 32 — oil, Laredo Petroleum, Inc., Glasscock County, 46 thousand reported
BUCKI UNIT — oil, Laredo Petroleum, Inc., Glasscock County, 46 thousand reported
SUGG A 171-173 (ALLOC-F) — oil, Laredo Petroleum, Inc., Reagan County, 46 thousand reported
LANE TRUST-C- — oil, Laredo Petroleum, Inc., Glasscock County, 45 thousand reported
FUCHS-B- — oil, Laredo Petroleum, Inc., Glasscock County, 44 thousand reported
LPI-RAMSPERGER 44 — oil, Laredo Petroleum, Inc., Glasscock County, 44 thousand reported

Production figures are as reported to the Railroad Commission of Texas. Values shown on lease pages are estimates produced by fitting a decline curve to that reported history; they are not offers or appraisals.