LMT
LMT is a Texas oil lease in Borden County, Railroad Commission district 8A, operated by Shenandoah Resources LLC. It has 1 wellbore on file with the Commission. Reported production runs from July 2019 to August 2026, totalling 77,573 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 $792K, with roughly $254K 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 510 barrels a month. Its strongest month on the record we hold was August 2019, at 3,617 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 LMT
- Who operates LMT?
- LMT is operated by Shenandoah Resources LLC, Railroad Commission of Texas operator number 775564.
- Where is LMT?
- LMT is a Texas oil lease in Borden County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 70956.
- Is LMT still producing?
- LMT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LMT is August 2026.
- How much has LMT produced?
- LMT has reported 77,573 barrels of oil (bbl) to the Railroad Commission of Texas between July 2019 and August 2026, from 1 wellbore.
- How much is LMT worth?
- The remaining production from LMT is estimated to be worth about $792K in total as of 26 August 2026, within a range of $618K to $966K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LMT is a fraction of it. The estimate fits an Arps decline curve to the production LMT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LMT is an estimate of value, not an offer and not an appraisal.
- How much income does LMT generate in a year?
- LMT is forecast to net about $254K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LMT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Shenandoah Resources LLC |
|---|---|
| Field | Clayton Ranch, N. (Spraberry) |
| County | Borden County, Texas |
| RRC district | 8A |
| Lease number | 70956 |
| Wellbores | 1 |
| Reported production | 77,573 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $792K |
Where LMT 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.