BONNIE 15
BONNIE 15 is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Summit Petroleum LLC. It has 1 wellbore on file with the Commission. Reported production runs from November 2024 to August 2026, totalling 61,026 barrels. The lease is intermittent. 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 $36.0M, with roughly $7.9M 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 4,668 barrels a month. Its strongest month on the record we hold was January 2026, at 18,674 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 BONNIE 15
- Who operates BONNIE 15?
- BONNIE 15 is operated by Summit Petroleum LLC, Railroad Commission of Texas operator number 829221.
- Where is BONNIE 15?
- BONNIE 15 is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 22952.
- Is BONNIE 15 still producing?
- BONNIE 15 is intermittent. The most recent month of production reported to the Railroad Commission of Texas for BONNIE 15 is August 2026.
- How much has BONNIE 15 produced?
- BONNIE 15 has reported 61,026 barrels of oil (bbl) to the Railroad Commission of Texas between November 2024 and August 2026, from 1 wellbore.
- How much is BONNIE 15 worth?
- The remaining production from BONNIE 15 is estimated to be worth about $36.0M in total as of 26 August 2026, within a range of $29.8M to $42.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BONNIE 15 is a fraction of it. The estimate fits an Arps decline curve to the production BONNIE 15 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BONNIE 15 is an estimate of value, not an offer and not an appraisal.
- How much income does BONNIE 15 generate in a year?
- BONNIE 15 is forecast to net about $7.9M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BONNIE 15 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 | 22952 |
| Wellbores | 1 |
| Reported production | 61,026 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $36.0M |
Where BONNIE 15 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.