QERU
QERU is a Texas oil lease in Hardeman County, Railroad Commission district 09, operated by Sutherland Energy Co., LLC. It has 9 wellbores on file with the Commission. Reported production runs from December 2021 to August 2026, totalling 62,048 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 $2.6M, with roughly $831K 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 1,292 barrels a month, about 144 per wellbore. Its strongest month on the record we hold was November 2023, at 2,054 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 QERU
- Who operates QERU?
- QERU is operated by Sutherland Energy Co., LLC, Railroad Commission of Texas operator number 830970.
- Where is QERU?
- QERU is a Texas oil lease in Hardeman County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 34107.
- Is QERU still producing?
- QERU is currently producing. The most recent month of production reported to the Railroad Commission of Texas for QERU is August 2026.
- How much has QERU produced?
- QERU has reported 62,048 barrels of oil (bbl) to the Railroad Commission of Texas between December 2021 and August 2026, from 9 wellbores.
- How much is QERU worth?
- The remaining production from QERU is estimated to be worth about $2.6M in total as of 26 August 2026, within a range of $2.1M to $3.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in QERU is a fraction of it. The estimate fits an Arps decline curve to the production QERU has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for QERU is an estimate of value, not an offer and not an appraisal.
- How much income does QERU generate in a year?
- QERU is forecast to net about $831K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in QERU receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Sutherland Energy Co., LLC |
|---|---|
| Field | Quanah |
| County | Hardeman County, Texas |
| RRC district | 09 |
| Lease number | 34107 |
| Wellbores | 9 |
| Reported production | 62,048 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.6M |
Where QERU 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.