GARRETT-REED UNIT 37-48
GARRETT-REED UNIT 37-48 is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Element Petro Operating Ii, Llc. It has 10 wellbores on file with the Commission. Reported production runs from April 2014 to August 2026, totalling 2,078,893 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 $646K, with roughly $172K expected over the next twelve months.
| Operator | Element Petro Operating Ii, Llc |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 45613 |
| Wellbores | 10 |
| Reported production | 2,078,893 bbl |
| First reported | April 2014 |
| Last reported | August 2026 |
| Estimated royalty value | $646K |
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.