LMT
LMT is a Texas oil lease in Borden County, Railroad Commission district 8A, operated by Pedernales Production, LP. It has 1 wellbore on file with the Commission. Reported production runs from June 2020 to August 2026, totalling 21,678 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 $701K, with roughly $135K 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 156 barrels a month. Its strongest month on the record we hold was November 2020, at 1,354 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 Pedernales Production, LP, Railroad Commission of Texas operator number 650202.
- Where is LMT?
- LMT is a Texas oil lease in Borden County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 71111.
- 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 21,678 barrels of oil (bbl) to the Railroad Commission of Texas between June 2020 and August 2026, from 1 wellbore.
- How much is LMT worth?
- The remaining production from LMT is estimated to be worth about $701K in total as of 26 August 2026, within a range of $547K to $855K. 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 $135K 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 | Pedernales Production, LP |
|---|---|
| Field | Clayton Ranch, N. (Spraberry) |
| County | Borden County, Texas |
| RRC district | 8A |
| Lease number | 71111 |
| Wellbores | 1 |
| Reported production | 21,678 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $701K |
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.