SURMAN
SURMAN is a Texas oil lease in Fayette County, Railroad Commission district 03, operated by Sellers Lease Service, Inc. It has 1 wellbore on file with the Commission. Reported production runs from December 1994 to August 2026, totalling 24,872 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 $145K, with roughly $28K 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 34 barrels a month. Its strongest month on the record we hold was February 2026, at 50 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 SURMAN
- Who operates SURMAN?
- SURMAN is operated by Sellers Lease Service, Inc., Railroad Commission of Texas operator number 766125.
- Where is SURMAN?
- SURMAN is a Texas oil lease in Fayette County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 22683.
- Is SURMAN still producing?
- SURMAN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SURMAN is August 2026.
- How much has SURMAN produced?
- SURMAN has reported 24,872 barrels of oil (bbl) to the Railroad Commission of Texas between December 1994 and August 2026, from 1 wellbore.
- How much is SURMAN worth?
- The remaining production from SURMAN is estimated to be worth about $145K in total as of 26 August 2026, within a range of $80K to $211K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SURMAN is a fraction of it. The estimate fits an Arps decline curve to the production SURMAN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SURMAN is an estimate of value, not an offer and not an appraisal.
- How much income does SURMAN generate in a year?
- SURMAN is forecast to net about $28K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SURMAN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Sellers Lease Service, Inc. |
|---|---|
| Field | P. Homann (Carizzo Wilcox G) |
| County | Fayette County, Texas |
| RRC district | 03 |
| Lease number | 22683 |
| Wellbores | 1 |
| Reported production | 24,872 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $145K |
Where SURMAN 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.