LOTT 37
LOTT 37 is a Texas oil lease in Garza County, Railroad Commission district 8A, operated by Smith Energy Operating Company. It has 2 wellbores on file with the Commission. Reported production runs from February 2018 to August 2026, totalling 155,251 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 $2.9M, with roughly $824K 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 1,174 barrels a month, about 587 per wellbore. Its strongest month on the record we hold was March 2021, at 5,415 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 LOTT 37
- Who operates LOTT 37?
- LOTT 37 is operated by Smith Energy Operating Company, Railroad Commission of Texas operator number 790956.
- Where is LOTT 37?
- LOTT 37 is a Texas oil lease in Garza County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 70671.
- Is LOTT 37 still producing?
- LOTT 37 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LOTT 37 is August 2026.
- How much has LOTT 37 produced?
- LOTT 37 has reported 155,251 barrels of oil (bbl) to the Railroad Commission of Texas between February 2018 and August 2026, from 2 wellbores.
- How much is LOTT 37 worth?
- The remaining production from LOTT 37 is estimated to be worth about $2.9M in total as of 26 August 2026, within a range of $2.4M to $3.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LOTT 37 is a fraction of it. The estimate fits an Arps decline curve to the production LOTT 37 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LOTT 37 is an estimate of value, not an offer and not an appraisal.
- How much income does LOTT 37 generate in a year?
- LOTT 37 is forecast to net about $824K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LOTT 37 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Smith Energy Operating Company |
|---|---|
| Field | Teas (Strawn) |
| County | Garza County, Texas |
| RRC district | 8A |
| Lease number | 70671 |
| Wellbores | 2 |
| Reported production | 155,251 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.9M |
Where LOTT 37 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.