BING 54-2-36 LOV E UNIT
BING 54-2-36 LOV E UNIT is a Texas oil lease in Loving County, Railroad Commission district 08, operated by Shell Western E&P. It has 2 wellbores on file with the Commission. Reported production runs from January 2018 to August 2026, totalling 727,892 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 $9.9M, with roughly $3.2M 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 4,527 barrels a month, about 2,263 per wellbore. Its strongest month on the record we hold was January 2021, at 46,600 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 BING 54-2-36 LOV E UNIT
- Who operates BING 54-2-36 LOV E UNIT?
- BING 54-2-36 LOV E UNIT is operated by Shell Western E&P, Railroad Commission of Texas operator number 774719.
- Where is BING 54-2-36 LOV E UNIT?
- BING 54-2-36 LOV E UNIT is a Texas oil lease in Loving County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 55377.
- Is BING 54-2-36 LOV E UNIT still producing?
- BING 54-2-36 LOV E UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BING 54-2-36 LOV E UNIT is August 2026.
- How much has BING 54-2-36 LOV E UNIT produced?
- BING 54-2-36 LOV E UNIT has reported 727,892 barrels of oil (bbl) to the Railroad Commission of Texas between January 2018 and August 2026, from 2 wellbores.
- How much is BING 54-2-36 LOV E UNIT worth?
- The remaining production from BING 54-2-36 LOV E UNIT is estimated to be worth about $9.9M in total as of 26 August 2026, within a range of $8.2M to $11.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BING 54-2-36 LOV E UNIT is a fraction of it. The estimate fits an Arps decline curve to the production BING 54-2-36 LOV E UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BING 54-2-36 LOV E UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does BING 54-2-36 LOV E UNIT generate in a year?
- BING 54-2-36 LOV E UNIT is forecast to net about $3.2M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BING 54-2-36 LOV E UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Shell Western E&P |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Loving County, Texas |
| RRC district | 08 |
| Lease number | 55377 |
| Wellbores | 2 |
| Reported production | 727,892 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $9.9M |
Where BING 54-2-36 LOV E UNIT 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.