LILLY
LILLY is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Eog Resources, Inc. It has 3 wellbores on file with the Commission. Reported production runs from December 2008 to August 2026, totalling 54,315 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 $75K, with roughly $14K 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 13 barrels a month, about 4 per wellbore. Its strongest month on the record we hold was October 2016, at 422 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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
- Who operates LILLY?
- LILLY is operated by Eog Resources, Inc., Railroad Commission of Texas operator number 253162.
- Where is LILLY?
- LILLY is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 16892.
- Is LILLY still producing?
- LILLY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LILLY is August 2026.
- How much has LILLY produced?
- LILLY has reported 54,315 barrels of oil (bbl) to the Railroad Commission of Texas between December 2008 and August 2026, from 3 wellbores.
- How much is LILLY worth?
- The remaining production from LILLY is estimated to be worth about $75K in total as of 26 August 2026, within a range of $41K to $109K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LILLY is a fraction of it. The estimate fits an Arps decline curve to the production LILLY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LILLY is an estimate of value, not an offer and not an appraisal.
- How much income does LILLY generate in a year?
- LILLY is forecast to net about $14K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LILLY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Eog Resources, Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 16892 |
| Wellbores | 3 |
| Reported production | 54,315 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $75K |
Where LILLY 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.