SCHRUTE E
SCHRUTE E is a Texas oil lease in Howard County, Railroad Commission district 08, operated by SM Energy Company. It has 1 wellbore on file with the Commission. Reported production runs from November 2019 to August 2026, totalling 406,049 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 $2.3M, with roughly $382K 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 624 barrels a month. Its strongest month on the record we hold was August 2020, at 40,270 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 SCHRUTE E
- Who operates SCHRUTE E?
- SCHRUTE E is operated by SM Energy Company, Railroad Commission of Texas operator number 788997.
- Where is SCHRUTE E?
- SCHRUTE E is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 54124.
- Is SCHRUTE E still producing?
- SCHRUTE E is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SCHRUTE E is August 2026.
- How much has SCHRUTE E produced?
- SCHRUTE E has reported 406,049 barrels of oil (bbl) to the Railroad Commission of Texas between November 2019 and August 2026, from 1 wellbore.
- How much is SCHRUTE E worth?
- The remaining production from SCHRUTE E is estimated to be worth about $2.3M in total as of 26 August 2026, within a range of $1.8M to $2.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SCHRUTE E is a fraction of it. The estimate fits an Arps decline curve to the production SCHRUTE E has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SCHRUTE E is an estimate of value, not an offer and not an appraisal.
- How much income does SCHRUTE E generate in a year?
- SCHRUTE E is forecast to net about $382K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SCHRUTE E receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | SM Energy Company |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 54124 |
| Wellbores | 1 |
| Reported production | 406,049 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.3M |
Where SCHRUTE E 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.