SEALS, GARRETT
SEALS, GARRETT is a Texas oil lease in Baylor County, Railroad Commission district 09, operated by Merit Energy Company. It has 4 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 194,149 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 $442K, with roughly $85K 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 119 barrels a month, about 30 per wellbore. Its strongest month on the record we hold was June 2016, at 294 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 SEALS, GARRETT
- Who operates SEALS, GARRETT?
- SEALS, GARRETT is operated by Merit Energy Company, Railroad Commission of Texas operator number 561136.
- Where is SEALS, GARRETT?
- SEALS, GARRETT is a Texas oil lease in Baylor County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 01436.
- Is SEALS, GARRETT still producing?
- SEALS, GARRETT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SEALS, GARRETT is August 2026.
- How much has SEALS, GARRETT produced?
- SEALS, GARRETT has reported 194,149 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 4 wellbores.
- How much is SEALS, GARRETT worth?
- The remaining production from SEALS, GARRETT is estimated to be worth about $442K in total as of 26 August 2026, within a range of $345K to $539K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SEALS, GARRETT is a fraction of it. The estimate fits an Arps decline curve to the production SEALS, GARRETT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SEALS, GARRETT is an estimate of value, not an offer and not an appraisal.
- How much income does SEALS, GARRETT generate in a year?
- SEALS, GARRETT is forecast to net about $85K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SEALS, GARRETT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Merit Energy Company |
|---|---|
| Field | Seymour Pool |
| County | Baylor County, Texas |
| RRC district | 09 |
| Lease number | 01436 |
| Wellbores | 4 |
| Reported production | 194,149 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $442K |
Where SEALS, GARRETT 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.