GELLER 54-2-37 LOV UNIT

GELLER 54-2-37 LOV UNIT is a Texas oil lease in Loving County, Railroad Commission district 08, operated by Shell Western E&P. It has 6 wellbores on file with the Commission. Reported production runs from January 2018 to August 2026, totalling 2,178,502 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 $19.1M, with roughly $7.0M 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 11,422 barrels a month, about 1,904 per wellbore. Its strongest month on the record we hold was April 2021, at 70,158 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 GELLER 54-2-37 LOV UNIT

Who operates GELLER 54-2-37 LOV UNIT?: GELLER 54-2-37 LOV UNIT is operated by Shell Western E&P, Railroad Commission of Texas operator number 774719.
Where is GELLER 54-2-37 LOV UNIT?: GELLER 54-2-37 LOV UNIT is a Texas oil lease in Loving County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 51106.
Is GELLER 54-2-37 LOV UNIT still producing?: GELLER 54-2-37 LOV UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GELLER 54-2-37 LOV UNIT is August 2026.
How much has GELLER 54-2-37 LOV UNIT produced?: GELLER 54-2-37 LOV UNIT has reported 2,178,502 barrels of oil (bbl) to the Railroad Commission of Texas between January 2018 and August 2026, from 6 wellbores.
How much is GELLER 54-2-37 LOV UNIT worth?: The remaining production from GELLER 54-2-37 LOV UNIT is estimated to be worth about $19.1M in total as of 27 August 2026, within a range of $15.7M to $22.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GELLER 54-2-37 LOV UNIT is a fraction of it. The estimate fits an Arps decline curve to the production GELLER 54-2-37 LOV UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GELLER 54-2-37 LOV UNIT is an estimate of value, not an offer and not an appraisal.
How much income does GELLER 54-2-37 LOV UNIT generate in a year?: GELLER 54-2-37 LOV UNIT is forecast to net about $7.0M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GELLER 54-2-37 LOV UNIT receives a fraction of that, set by the decimal interest printed on their check stub.

Lease record

GELLER 54-2-37 LOV UNIT 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	51106
Wellbores	6
Reported production	2,178,502 bbl
First reported	January 2018
Last reported	August 2026
Estimated royalty value	$19.1M

Where GELLER 54-2-37 LOV UNIT sits

Source: Railroad Commission of Texas lease production records, complete through August 2026. Figures on this page were computed on 27 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.