ANDREWS, S E CHARITABLE TRUST

ANDREWS, S E CHARITABLE TRUST is a Texas oil lease in Gaines County, Railroad Commission district 8A, operated by Exxon Corp. It has 3 wellbores on file with the Commission. Reported production runs from August 1993 to August 2026, totalling 409,014 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 $18K, with roughly $13K expected over the next twelve months. Over the last twelve months on file it averaged 1,646 barrels a month, about 549 per wellbore. Its strongest month on the record we hold was July 2024, at 5,676 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.

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.