LMT 5
LMT 5 is a Texas oil lease in Garza County, Railroad Commission district 8A, operated by Shenandoah Resources LLC. It has 2 wellbores on file with the Commission. Reported production runs from December 2017 to August 2026, totalling 59,617 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 $773K, with roughly $149K 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 234 barrels a month, about 117 per wellbore. Its strongest month on the record we hold was April 2018, at 3,283 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 5
- Who operates LMT 5?
- LMT 5 is operated by Shenandoah Resources LLC, Railroad Commission of Texas operator number 775564.
- Where is LMT 5?
- LMT 5 is a Texas oil lease in Garza County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 70670.
- Is LMT 5 still producing?
- LMT 5 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LMT 5 is August 2026.
- How much has LMT 5 produced?
- LMT 5 has reported 59,617 barrels of oil (bbl) to the Railroad Commission of Texas between December 2017 and August 2026, from 2 wellbores.
- How much is LMT 5 worth?
- The remaining production from LMT 5 is estimated to be worth about $773K in total as of 26 August 2026, within a range of $603K to $943K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LMT 5 is a fraction of it. The estimate fits an Arps decline curve to the production LMT 5 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LMT 5 is an estimate of value, not an offer and not an appraisal.
- How much income does LMT 5 generate in a year?
- LMT 5 is forecast to net about $149K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LMT 5 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Shenandoah Resources LLC |
|---|---|
| Field | Coulter (Spraberry) |
| County | Garza County, Texas |
| RRC district | 8A |
| Lease number | 70670 |
| Wellbores | 2 |
| Reported production | 59,617 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $773K |
Where LMT 5 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.