URSULA
URSULA is a Texas oil lease in Howard County, Railroad Commission district 08, operated by SM Energy Company. It has 2 wellbores on file with the Commission. Reported production runs from July 2019 to August 2026, totalling 724,533 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 $11.4M, with roughly $2.9M 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 3,962 barrels a month, about 1,981 per wellbore. Its strongest month on the record we hold was September 2020, at 37,107 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 URSULA
- Who operates URSULA?
- URSULA is operated by SM Energy Company, Railroad Commission of Texas operator number 788997.
- Where is URSULA?
- URSULA is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 52668.
- Is URSULA still producing?
- URSULA is currently producing. The most recent month of production reported to the Railroad Commission of Texas for URSULA is August 2026.
- How much has URSULA produced?
- URSULA has reported 724,533 barrels of oil (bbl) to the Railroad Commission of Texas between July 2019 and August 2026, from 2 wellbores.
- How much is URSULA worth?
- The remaining production from URSULA is estimated to be worth about $11.4M in total as of 26 August 2026, within a range of $9.5M to $13.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in URSULA is a fraction of it. The estimate fits an Arps decline curve to the production URSULA has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for URSULA is an estimate of value, not an offer and not an appraisal.
- How much income does URSULA generate in a year?
- URSULA is forecast to net about $2.9M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in URSULA 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 | 52668 |
| Wellbores | 2 |
| Reported production | 724,533 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $11.4M |
Where URSULA 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.