SABINE NS 35-38 03
SABINE NS 35-38 03 is a Texas oil lease in Glasscock County, Railroad Commission district 08, operated by Energen Resources Corporation. It has 1 wellbore on file with the Commission. Reported production runs from October 2015 to August 2026, totalling 67,437 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 $647K, with roughly $94K 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 44 barrels a month. Its strongest month on the record we hold was May 2016, at 1,605 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 SABINE NS 35-38 03
- Who operates SABINE NS 35-38 03?
- SABINE NS 35-38 03 is operated by Energen Resources Corporation, Railroad Commission of Texas operator number 252002.
- Where is SABINE NS 35-38 03?
- SABINE NS 35-38 03 is a Texas oil lease in Glasscock County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 47435.
- Is SABINE NS 35-38 03 still producing?
- SABINE NS 35-38 03 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SABINE NS 35-38 03 is August 2026.
- How much has SABINE NS 35-38 03 produced?
- SABINE NS 35-38 03 has reported 67,437 barrels of oil (bbl) to the Railroad Commission of Texas between October 2015 and August 2026, from 1 wellbore.
- How much is SABINE NS 35-38 03 worth?
- The remaining production from SABINE NS 35-38 03 is estimated to be worth about $647K in total as of 26 August 2026, within a range of $356K to $939K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SABINE NS 35-38 03 is a fraction of it. The estimate fits an Arps decline curve to the production SABINE NS 35-38 03 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SABINE NS 35-38 03 is an estimate of value, not an offer and not an appraisal.
- How much income does SABINE NS 35-38 03 generate in a year?
- SABINE NS 35-38 03 is forecast to net about $94K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SABINE NS 35-38 03 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Energen Resources Corporation |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Glasscock County, Texas |
| RRC district | 08 |
| Lease number | 47435 |
| Wellbores | 1 |
| Reported production | 67,437 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $647K |
Where SABINE NS 35-38 03 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.