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Texas oil lease

No report in 6+ months

GUITAR 28

Guitar 28 is an oil lease in Howard County, Texas, operated by SM Energy Company in the Spraberry (Trend Area) field.

6 wells

1,331bbl oil, last 12 months−57% vs prior year
Operator
SM Energy Company
County
Howard County
Field
Spraberry (Trend Area)
RRC lease
08-38167

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Where it sits

This county

Howard CountyHowardMitchellMartinScurryDawsonBordenHoward County
Howard County
Gas, last 12 months
4,026 mcf
Oil in Dec 2024
0 bbl

Checks stopped on this lease?

  • Buyer

    Buyer changed: ENTERPRISE PRODUCTS OPERATING LLC replaced ENT NAVITAS MDSTRM MDLND BAS LLC as the buyer of this lease's gas from oil wells on Feb 1, 2025.

  • Sales

    No sales reported for the last 12 months of state data (through Jul 2026).

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

See why checks stop on this lease

Production by month

Oil output fell 57% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 57% over the last 12 monthsMonthly oil production and gas for GUITAR 28, Jan 2022 to Dec 2024. Oil output fell 57% over the last 12 months. 1,331 bbl in the 12 months through Dec 2024, against 3,118 bbl in the 12 months before.Last 12 months: 1,331 bblbbl per monthmcf per month001005002001,0003001,5004002,0005002,500Jan 22AprJulOctJan 23AprJulOctJan 24AprJulOct
Oil output fell 57% over the last 12 monthsMonthly oil production and gas for GUITAR 28, Jan 2022 to Dec 2024. Oil output fell 57% over the last 12 months. 1,331 bbl in the 12 months through Dec 2024, against 3,118 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001005002001,0003001,5004002,0005002,500Jan 22JulJan 23JulJan 24Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Over 99% of the gas went to a processing plant in the last 12 months

  • Processing plant (3)
  • Flared (4)
Over 99% of the gas went to a processing plant in the last 12 monthsShare of GUITAR 28 gas by disposition code each month, Jan 2022 to Dec 2024. Over 99% of the gas went to a processing plant in the last 12 months.Share of the lease’s gas by disposition code, per month0%50%100%Jan 22AprJulOctJan 23AprJulOctJan 24AprJulOct
Over 99% of the gas went to a processing plant in the last 12 monthsShare of GUITAR 28 gas by disposition code each month, Jan 2022 to Dec 2024. Over 99% of the gas went to a processing plant in the last 12 months.Share of gas by disposition code0%50%100%Jan 22JulJan 23JulJan 24Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    100% · 13,097 mcf

  • Flared (4)

    0.1% · 19 mcf

0.1% of the gas flared in the last 12 months. No month above 3%.

6 wells on this lease

Wells on GUITAR 28
API numberWell no.Status
42-227-336632Active
42-227-340711Active
42-227-375933Active
42-227-378554Active
42-227-384475Active
42-227-390836Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Transfer CompanyOilGathers50Feb 1, 2025–
Shell Trading (Us) CompanyOilGathers50Sep 9, 2019–
Dcp Operating Company, LPCasinghead gasBuys50Sep 9, 2019–
Enterprise Products Operating LLCCasinghead gasBuys50Feb 1, 2025–
Dcp Operating Company, LPCasinghead gasGathers50Sep 9, 2019–
Enterprise Products Operating LLCCasinghead gasGathers50Feb 1, 2025–
Ent Navitas Mdstrm Mdlnd Bas LLCCasinghead gasGathers50May 1, 2023Feb 1, 2025
Ent Navitas Mdstrm Mdlnd Bas LLCCasinghead gasBuys50May 1, 2023Feb 1, 2025
Nustar Permian Trans and Stg,llcOilGathers50Sep 9, 2019Feb 1, 2025
Navitas Mdstr Midland Basin, LLCCasinghead gasGathers50Sep 9, 2019May 1, 2023
Navitas Mdstr Midland Basin, LLCCasinghead gasBuys50Sep 9, 2019May 1, 2023
Dcp Operating Company, LPCasinghead gasGathers100Apr 1, 2017Sep 9, 2019

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

Who buys my oilOil price check

640 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 640 and 649.6 acres. Use the acres from your own division order for the well you are paid on.

  • 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 Guitar 28
API numberWell no.Acreson the permit
42-227-390836640
42-227-336632649.60
42-227-384475649.60
42-227-378554649.60
42-227-375933649.60
42-227-340711640

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 GUITAR 28
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Dec 202400000$70.12$3.01
Nov 202400000$69.95$2.12
Oct 202400000$71.99$2.20
Sep 202400000$70.24$2.28
Aug 202400000$76.68$1.99
Jul 202400000$81.80$2.07
Jun 202400000$79.77$2.54
May 20241633537687680$80.02$2.12
Apr 20242532449029020$85.35$1.60
Mar 20244243339839830$81.28$1.49
Feb 20242752526746740$77.25$1.72
Jan 202421621069968019$74.15$3.18
Dec 20232582551,1681,1680$71.90$2.52
Nov 20231981831,4551,4550$77.69$2.71
Oct 20232653701,1661,1660$85.64$2.98
Sep 20234593612,0332,0330$89.43$2.64
Aug 20231991981,0871,0870$81.39$2.58
Jul 20232722821,2231,2230$76.07$2.55
Jun 20232862929589580$70.25$2.18
May 20233783717787780$71.58$2.15
Apr 20232822908668660$79.45$2.16
Mar 20232051877487480$73.28$2.31
Feb 20231602354484480$76.83$2.38
Jan 2023156723483480$78.12$3.27
Dec 20221502816636630$76.44$5.53
Nov 20221731406926920$84.37$5.45
Oct 20222772199619610$87.55$5.66
Sep 20223112899229220$84.26$7.88
Aug 20222072151,3141,3140$93.67$8.81
Jul 20222452341,1581,1580$101.62$7.28
Jun 20223373741,0971,0970$114.84$7.70
May 20223503301,0281,0280$109.55$8.14
Apr 20223353436866860$101.78$6.60
Mar 20223253331,9511,9510$108.50$4.90
Feb 20222753601,5221,5220$91.64$4.69
Jan 20224233301,8561,8560$83.22$4.38

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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