BASHARA, SAM
BASHARA, SAM is a Texas oil lease in Hardin County, Railroad Commission district 03, operated by Pennzoil Petroleum Company. It has 9 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 383,757 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 $1.9M, with roughly $440K 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 669 barrels a month, about 74 per wellbore. Its strongest month on the record we hold was August 2024, at 919 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 BASHARA, SAM
- Who operates BASHARA, SAM?
- BASHARA, SAM is operated by Pennzoil Petroleum Company, Railroad Commission of Texas operator number 652365.
- Where is BASHARA, SAM?
- BASHARA, SAM is a Texas oil lease in Hardin County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 14469.
- Is BASHARA, SAM still producing?
- BASHARA, SAM is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BASHARA, SAM is August 2026.
- How much has BASHARA, SAM produced?
- BASHARA, SAM has reported 383,757 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 9 wellbores.
- How much is BASHARA, SAM worth?
- The remaining production from BASHARA, SAM is estimated to be worth about $1.9M in total as of 26 August 2026, within a range of $1.5M to $2.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BASHARA, SAM is a fraction of it. The estimate fits an Arps decline curve to the production BASHARA, SAM has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BASHARA, SAM is an estimate of value, not an offer and not an appraisal.
- How much income does BASHARA, SAM generate in a year?
- BASHARA, SAM is forecast to net about $440K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BASHARA, SAM receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pennzoil Petroleum Company |
|---|---|
| Field | Saratoga, West |
| County | Hardin County, Texas |
| RRC district | 03 |
| Lease number | 14469 |
| Wellbores | 9 |
| Reported production | 383,757 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.9M |
Where BASHARA, SAM 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.