LILA 41
LILA 41 is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Summit Petroleum LLC. It has 1 wellbore on file with the Commission. Reported production runs from December 2021 to August 2026, totalling 240,878 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 $669K, with roughly $657K 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 2,021 barrels a month. Its strongest month on the record we hold was October 2022, at 21,267 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 LILA 41
- Who operates LILA 41?
- LILA 41 is operated by Summit Petroleum LLC, Railroad Commission of Texas operator number 829221.
- Where is LILA 41?
- LILA 41 is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 21634.
- Is LILA 41 still producing?
- LILA 41 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LILA 41 is August 2026.
- How much has LILA 41 produced?
- LILA 41 has reported 240,878 barrels of oil (bbl) to the Railroad Commission of Texas between December 2021 and August 2026, from 1 wellbore.
- How much is LILA 41 worth?
- The remaining production from LILA 41 is estimated to be worth about $669K in total as of 26 August 2026, within a range of $555K to $783K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LILA 41 is a fraction of it. The estimate fits an Arps decline curve to the production LILA 41 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LILA 41 is an estimate of value, not an offer and not an appraisal.
- How much income does LILA 41 generate in a year?
- LILA 41 is forecast to net about $657K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LILA 41 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Summit Petroleum LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 21634 |
| Wellbores | 1 |
| Reported production | 240,878 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $669K |
Where LILA 41 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.