GRAHAM 186-187 (ALLOC-B)

GRAHAM 186-187 (ALLOC-B) is a Texas oil lease in Reagan County, Railroad Commission district 7C, operated by Laredo Petroleum, Inc. It has 1 wellbore on file with the Commission. Reported production runs from April 2014 to August 2026, totalling 201,311 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 $621K, with roughly $272K 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 377 barrels a month. Its strongest month on the record we hold was May 2017, at 2,577 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 GRAHAM 186-187 (ALLOC-B)

Who operates GRAHAM 186-187 (ALLOC-B)?: GRAHAM 186-187 (ALLOC-B) is operated by Laredo Petroleum, Inc., Railroad Commission of Texas operator number 486610.
Where is GRAHAM 186-187 (ALLOC-B)?: GRAHAM 186-187 (ALLOC-B) is a Texas oil lease in Reagan County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 18729.
Is GRAHAM 186-187 (ALLOC-B) still producing?: GRAHAM 186-187 (ALLOC-B) is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GRAHAM 186-187 (ALLOC-B) is August 2026.
How much has GRAHAM 186-187 (ALLOC-B) produced?: GRAHAM 186-187 (ALLOC-B) has reported 201,311 barrels of oil (bbl) to the Railroad Commission of Texas between April 2014 and August 2026, from 1 wellbore.
How much is GRAHAM 186-187 (ALLOC-B) worth?: The remaining production from GRAHAM 186-187 (ALLOC-B) is estimated to be worth about $621K in total as of 26 August 2026, within a range of $484K to $758K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GRAHAM 186-187 (ALLOC-B) is a fraction of it. The estimate fits an Arps decline curve to the production GRAHAM 186-187 (ALLOC-B) has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GRAHAM 186-187 (ALLOC-B) is an estimate of value, not an offer and not an appraisal.
How much income does GRAHAM 186-187 (ALLOC-B) generate in a year?: GRAHAM 186-187 (ALLOC-B) is forecast to net about $272K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GRAHAM 186-187 (ALLOC-B) receives a fraction of that, set by the decimal interest printed on their check stub.

Lease record

GRAHAM 186-187 (ALLOC-B) as filed with the Railroad Commission of Texas
Operator	Laredo Petroleum, Inc.
Field	Spraberry (Trend Area)
County	Reagan County, Texas
RRC district	7C
Lease number	18729
Wellbores	1
Reported production	201,311 bbl
First reported	April 2014
Last reported	August 2026
Estimated royalty value	$621K

Where GRAHAM 186-187 (ALLOC-B) sits

Source: Railroad Commission of Texas lease production records, complete through August 2026. Figures on this page were computed on 26 August 2026.

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.