LILA 40
LILA 40 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 April 2022 to August 2026, totalling 269,851 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values a standard royalty share at about $301K, with roughly $61K expected over the next twelve months.
| Operator | Summit Petroleum Llc |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 21671 |
| Wellbores | 1 |
| Reported production | 269,851 bbl |
| First reported | April 2022 |
| Last reported | August 2026 |
| Estimated royalty value | $301K |
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.