PAPAGIORGIO THELMA B
PAPAGIORGIO THELMA B is a Texas oil lease in Howard County, Railroad Commission district 08, operated by SM Energy Company. It has 1 wellbore on file with the Commission. Reported production runs from September 2025 to August 2026, totalling 66,699 barrels. The lease is intermittent. 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 $11.2M, with roughly $2.1M 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 2,064 barrels a month. Its strongest month on the record we hold was April 2026, at 16,515 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 PAPAGIORGIO THELMA B
- Who operates PAPAGIORGIO THELMA B?
- PAPAGIORGIO THELMA B is operated by SM Energy Company, Railroad Commission of Texas operator number 788997.
- Where is PAPAGIORGIO THELMA B?
- PAPAGIORGIO THELMA B is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 64377.
- Is PAPAGIORGIO THELMA B still producing?
- PAPAGIORGIO THELMA B is intermittent. The most recent month of production reported to the Railroad Commission of Texas for PAPAGIORGIO THELMA B is August 2026.
- How much has PAPAGIORGIO THELMA B produced?
- PAPAGIORGIO THELMA B has reported 66,699 barrels of oil (bbl) to the Railroad Commission of Texas between September 2025 and August 2026, from 1 wellbore.
- How much is PAPAGIORGIO THELMA B worth?
- The remaining production from PAPAGIORGIO THELMA B is estimated to be worth about $11.2M in total as of 26 August 2026, within a range of $9.3M to $13.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PAPAGIORGIO THELMA B is a fraction of it. The estimate fits an Arps decline curve to the production PAPAGIORGIO THELMA B has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PAPAGIORGIO THELMA B is an estimate of value, not an offer and not an appraisal.
- How much income does PAPAGIORGIO THELMA B generate in a year?
- PAPAGIORGIO THELMA B is forecast to net about $2.1M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PAPAGIORGIO THELMA B receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | SM Energy Company |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 64377 |
| Wellbores | 1 |
| Reported production | 66,699 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $11.2M |
Where PAPAGIORGIO THELMA B 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.