LILLY KATE
LILLY KATE is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Summit Petroleum LLC. It has 2 wellbores on file with the Commission. Reported production runs from December 2007 to August 2026, totalling 102,554 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 $957K, with roughly $176K 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 215 barrels a month, about 107 per wellbore. Its strongest month on the record we hold was May 2017, at 1,030 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 LILLY KATE
- Who operates LILLY KATE?
- LILLY KATE is operated by Summit Petroleum LLC, Railroad Commission of Texas operator number 829221.
- Where is LILLY KATE?
- LILLY KATE is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 16469.
- Is LILLY KATE still producing?
- LILLY KATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LILLY KATE is August 2026.
- How much has LILLY KATE produced?
- LILLY KATE has reported 102,554 barrels of oil (bbl) to the Railroad Commission of Texas between December 2007 and August 2026, from 2 wellbores.
- How much is LILLY KATE worth?
- The remaining production from LILLY KATE is estimated to be worth about $957K in total as of 26 August 2026, within a range of $747K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LILLY KATE is a fraction of it. The estimate fits an Arps decline curve to the production LILLY KATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LILLY KATE is an estimate of value, not an offer and not an appraisal.
- How much income does LILLY KATE generate in a year?
- LILLY KATE is forecast to net about $176K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LILLY KATE 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 | 16469 |
| Wellbores | 2 |
| Reported production | 102,554 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $957K |
Where LILLY KATE 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.