BOBBIE
BOBBIE is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Summit Petroleum LLC. It has 12 wellbores on file with the Commission. Reported production runs from October 2008 to August 2026, totalling 503,224 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 $1.2M, with roughly $397K 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 722 barrels a month, about 60 per wellbore. Its strongest month on the record we hold was September 2018, at 5,215 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 BOBBIE
- Who operates BOBBIE?
- BOBBIE is operated by Summit Petroleum LLC, Railroad Commission of Texas operator number 829221.
- Where is BOBBIE?
- BOBBIE is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 16794.
- Is BOBBIE still producing?
- BOBBIE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BOBBIE is August 2026.
- How much has BOBBIE produced?
- BOBBIE has reported 503,224 barrels of oil (bbl) to the Railroad Commission of Texas between October 2008 and August 2026, from 12 wellbores.
- How much is BOBBIE worth?
- The remaining production from BOBBIE is estimated to be worth about $1.2M in total as of 26 August 2026, within a range of $930K to $1.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BOBBIE is a fraction of it. The estimate fits an Arps decline curve to the production BOBBIE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BOBBIE is an estimate of value, not an offer and not an appraisal.
- How much income does BOBBIE generate in a year?
- BOBBIE is forecast to net about $397K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BOBBIE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Summit Petroleum LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 16794 |
| Wellbores | 12 |
| Reported production | 503,224 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.2M |
Where BOBBIE 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.