SNELL, LABOR
SNELL, LABOR is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Hallwood Energy Corporation. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 60,451 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 $67K, with roughly $12K 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 23 barrels a month, about 11 per wellbore. Its strongest month on the record we hold was February 2022, at 115 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 SNELL, LABOR
- Who operates SNELL, LABOR?
- SNELL, LABOR is operated by Hallwood Energy Corporation, Railroad Commission of Texas operator number 347225.
- Where is SNELL, LABOR?
- SNELL, LABOR is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 26652.
- Is SNELL, LABOR still producing?
- SNELL, LABOR is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SNELL, LABOR is August 2026.
- How much has SNELL, LABOR produced?
- SNELL, LABOR has reported 60,451 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is SNELL, LABOR worth?
- The remaining production from SNELL, LABOR is estimated to be worth about $67K in total as of 26 August 2026, within a range of $37K to $98K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SNELL, LABOR is a fraction of it. The estimate fits an Arps decline curve to the production SNELL, LABOR has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SNELL, LABOR is an estimate of value, not an offer and not an appraisal.
- How much income does SNELL, LABOR generate in a year?
- SNELL, LABOR is forecast to net about $12K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SNELL, LABOR receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Hallwood Energy Corporation |
|---|---|
| Field | Breedlove, East (Spraberry) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 26652 |
| Wellbores | 2 |
| Reported production | 60,451 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $67K |
Where SNELL, LABOR 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.