LOVE
LOVE is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Meritage Energy Company, LLC. It has 3 wellbores on file with the Commission. Reported production runs from December 2011 to August 2026, totalling 88,017 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 $311K, with roughly $54K 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 40 barrels a month, about 13 per wellbore. Its strongest month on the record we hold was December 2016, at 1,111 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 LOVE
- Who operates LOVE?
- LOVE is operated by Meritage Energy Company, LLC, Railroad Commission of Texas operator number 561156.
- Where is LOVE?
- LOVE is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 42567.
- Is LOVE still producing?
- LOVE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LOVE is August 2026.
- How much has LOVE produced?
- LOVE has reported 88,017 barrels of oil (bbl) to the Railroad Commission of Texas between December 2011 and August 2026, from 3 wellbores.
- How much is LOVE worth?
- The remaining production from LOVE is estimated to be worth about $311K in total as of 26 August 2026, within a range of $171K to $452K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LOVE is a fraction of it. The estimate fits an Arps decline curve to the production LOVE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LOVE is an estimate of value, not an offer and not an appraisal.
- How much income does LOVE generate in a year?
- LOVE is forecast to net about $54K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LOVE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Meritage Energy Company, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 42567 |
| Wellbores | 3 |
| Reported production | 88,017 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $311K |
Where LOVE 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.