GALAPAGOS 53-2-37 LOV UNIT B

GALAPAGOS 53-2-37 LOV UNIT B is a Texas oil lease in Loving County, Railroad Commission district 08, operated by Shell Western E&P. It has 3 wellbores on file with the Commission. Reported production runs from March 2016 to August 2026, totalling 1,705,078 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 $5.0M, with roughly $1.5M 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 2,103 barrels a month, about 701 per wellbore. Its strongest month on the record we hold was July 2017, at 77,604 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 GALAPAGOS 53-2-37 LOV UNIT B

Who operates GALAPAGOS 53-2-37 LOV UNIT B?: GALAPAGOS 53-2-37 LOV UNIT B is operated by Shell Western E&P, Railroad Commission of Texas operator number 774719.
Where is GALAPAGOS 53-2-37 LOV UNIT B?: GALAPAGOS 53-2-37 LOV UNIT B is a Texas oil lease in Loving County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 47862.
Is GALAPAGOS 53-2-37 LOV UNIT B still producing?: GALAPAGOS 53-2-37 LOV UNIT B is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GALAPAGOS 53-2-37 LOV UNIT B is August 2026.
How much has GALAPAGOS 53-2-37 LOV UNIT B produced?: GALAPAGOS 53-2-37 LOV UNIT B has reported 1,705,078 barrels of oil (bbl) to the Railroad Commission of Texas between March 2016 and August 2026, from 3 wellbores.
How much is GALAPAGOS 53-2-37 LOV UNIT B worth?: The remaining production from GALAPAGOS 53-2-37 LOV UNIT B is estimated to be worth about $5.0M in total as of 26 August 2026, within a range of $4.1M to $5.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GALAPAGOS 53-2-37 LOV UNIT B is a fraction of it. The estimate fits an Arps decline curve to the production GALAPAGOS 53-2-37 LOV UNIT B has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GALAPAGOS 53-2-37 LOV UNIT B is an estimate of value, not an offer and not an appraisal.
How much income does GALAPAGOS 53-2-37 LOV UNIT B generate in a year?: GALAPAGOS 53-2-37 LOV UNIT B is forecast to net about $1.5M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GALAPAGOS 53-2-37 LOV UNIT B receives a fraction of that, set by the decimal interest printed on their check stub.

Lease record

GALAPAGOS 53-2-37 LOV UNIT B as filed with the Railroad Commission of Texas
Operator	Shell Western E&P
Field	Phantom (Wolfcamp)
County	Loving County, Texas
RRC district	08
Lease number	47862
Wellbores	3
Reported production	1,705,078 bbl
First reported	March 2016
Last reported	August 2026
Estimated royalty value	$5.0M

Where GALAPAGOS 53-2-37 LOV UNIT 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.