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Texas oil lease

Producing

BALBOA B

Balboa B is an oil lease in Howard County, Texas, operated by SM Energy Company in the Spraberry (Trend Area) field.

2 wells

20,604bbl oil, last 12 months−30% vs prior year
Operator
SM Energy Company
County
Howard County
Field
Spraberry (Trend Area)
RRC lease
08-53061

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Where it sits

This county

Howard CountyHowardMitchellMartinScurryDawsonBordenHoward County
Howard County
Gas, last 12 months
359,554 mcf
Oil in Jun 2026
1,684 bbl

Production by month

Oil output fell 30% over the last 12 months

Jul 2026 was not reported.

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 30% over the last 12 monthsMonthly oil production and gas for BALBOA B, Aug 2023 to Jul 2026. Oil output fell 30% over the last 12 months. 17,881 bbl in the 12 months through Jul 2026, against 25,616 bbl in the 12 months before.Last 12 months: 17,881 bblbbl per monthmcf per month001,00010k2,00020k3,00030k4,00040k5,00050kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 30% over the last 12 monthsMonthly oil production and gas for BALBOA B, Aug 2023 to Jul 2026. Oil output fell 30% over the last 12 months. 17,881 bbl in the 12 months through Jul 2026, against 25,616 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,00010k2,00020k3,00030k4,00040k5,00050kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

97% of the gas went to a processing plant in the last 12 months

Flaring peaked at 9.8% of the gas in Jun 2026.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
97% of the gas went to a processing plant in the last 12 monthsShare of BALBOA B gas by disposition code each month, Aug 2023 to Jul 2026. 97% of the gas went to a processing plant in the last 12 months. Flaring peaked at 9.8% of the gas in Jun 2026.Share of the lease’s gas by disposition code, per month0%50%100%Flared 9.8%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
97% of the gas went to a processing plant in the last 12 monthsShare of BALBOA B gas by disposition code each month, Aug 2023 to Jul 2026. 97% of the gas went to a processing plant in the last 12 months. Flaring peaked at 9.8% of the gas in Jun 2026.Share of gas by disposition code0%50%100%Flared 9.8%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    97% · 350,560 mcf

  • Flared (4)

    2.1% · 7,491 mcf

  • Lease fuel (1)

    0.4% · 1,503 mcf

2.1% of the gas flared in the last 12 months. 11 months above 3%.

2 wells on this lease

Wells on BALBOA B
API numberWell no.Status
42-227-400274525LSActive
42-227-400284546WAActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Medallion Operating Company, LLCOilGathers100Oct 18, 2019–
Enterprise M B Midstream LLCCasinghead gasBuys100Sep 6, 2024–
Enterprise Products Operating LLCCasinghead gasGathers100Sep 6, 2024–
Ent Navitas Mdstrm Mdlnd Bas LLCCasinghead gasGathers100May 1, 2023Sep 6, 2024
Ent Navitas Mdstrm Mdlnd Bas LLCCasinghead gasBuys100May 1, 2023Sep 6, 2024
Navitas Mdstr Midland Basin, LLCCasinghead gasGathers100Oct 18, 2019May 1, 2023
Navitas Mdstr Midland Basin, LLCCasinghead gasBuys100Oct 18, 2019May 1, 2023

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

Who buys my oilOil price check

815.58 acres on the newest permit

  • Worth asking

    An allocation well is on this lease

    A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

  • Worth asking

    A Rule 37 case is listed

    The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.

Check your decimal on this lease
Permits for Balboa B
API numberWell no.Acreson the permit
42-227-400274525LS815.58
42-227-400284546WA815.58

SourceRailroad Commission drilling permits, Oct 3, 2026 (source 1, source 2).

Unit decimal checker

What SM Energy Company told investors it received

SM Energy Company is linked to SM Energy Company (SM).
Realized prices reported by SM Energy Company
QuarterOil$ per bblFiling
Q2 2026$96.85SEC filing
Q1 2026$73.69SEC filing
Q4 2025$58.17SEC filing
Q3 2025–SEC filing
Q2 2025$62.04SEC filing
Q1 2025$70.56SEC filing

SourceSM Energy Company quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for BALBOA B
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026No report filed–––––$80.46$2.89
Jun 20261,6841,66242,69338,3374,204$84.81$3.15
May 20262,0412,00739,07038,9080$102.13$2.94
Apr 20261,3981,39932,77032,72842$100.32$2.77
Mar 20261,8501,70732,74032,7400$91.38$3.04
Feb 20262062394,4144,40212$64.51$3.62
Jan 202648050114,58714,405182$60.04$7.72
Dec 20251,0401,09224,20224,03589$57.97$4.26
Nov 20251,9151,98631,56931,2560$60.06$3.79
Oct 20252,4022,38235,55135,1810$60.89$3.19
Sep 20252,4982,48036,91036,65346$63.96$2.97
Aug 20252,3672,45131,71930,5071,115$64.86$2.91
Jul 20252,7232,69433,32931,4081,801$68.39$3.20
Jun 20252,6032,58631,34028,9302,184$68.17$3.02
May 20252,9552,96331,30030,634517$62.17$3.12
Apr 20252,4742,47822,08620,9071,133$63.54$3.42
Mar 20252,7502,77025,22523,7931,206$68.24$4.12
Feb 20252,2362,26720,10219,717250$71.53$4.19
Jan 20252,7162,67827,17226,86949$75.74$4.13
Dec 20242,2822,10026,73226,4380$70.12$3.01
Nov 20245786387,4887,4400$69.95$2.12
Oct 20241,2511,38512,16612,11650$71.99$2.20
Sep 20241,1261,07211,86411,714150$70.24$2.28
Aug 20241,9221,87618,12118,1210$76.68$1.99
Jul 20241,4071,46518,16818,10761$81.80$2.07
Jun 20242,0682,05424,71124,7110$79.77$2.54
May 20243,3513,33427,94327,88360$80.02$2.12
Apr 20243,1893,21626,46326,2040$85.35$1.60
Mar 20243,5983,59524,56124,449112$81.28$1.49
Feb 20243,3643,26326,37725,379998$77.25$1.72
Jan 20241,4821,59913,56712,850717$74.15$3.18
Dec 20233,0443,04619,01218,192820$71.90$2.52
Nov 20234,2974,21622,15121,927208$77.69$2.71
Oct 20232,8402,78016,86215,800991$85.64$2.98
Sep 20231,5021,5188,5307,878645$89.43$2.64
Aug 20232,0702,1478,6268,47858$81.39$2.58

No report filed Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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Nearby

This lease belongs to

OperatorSM Energy CompanyFieldSpraberry (Trend Area)CountyHoward County

SM Energy Company in Howard County

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Spraberry (Trend Area) field

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