SAND SNAKES MIPA 1 UNIT
SAND SNAKES MIPA 1 UNIT is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Birch Operations, Inc. It has 2 wellbores on file with the Commission. Reported production runs from October 2023 to August 2026, totalling 621,783 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 $3.7M, with roughly $2.5M 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 7,454 barrels a month, about 3,727 per wellbore. Its strongest month on the record we hold was November 2023, at 75,641 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 SAND SNAKES MIPA 1 UNIT
- Who operates SAND SNAKES MIPA 1 UNIT?
- SAND SNAKES MIPA 1 UNIT is operated by Birch Operations, Inc., Railroad Commission of Texas operator number 071331.
- Where is SAND SNAKES MIPA 1 UNIT?
- SAND SNAKES MIPA 1 UNIT is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 60677.
- Is SAND SNAKES MIPA 1 UNIT still producing?
- SAND SNAKES MIPA 1 UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SAND SNAKES MIPA 1 UNIT is August 2026.
- How much has SAND SNAKES MIPA 1 UNIT produced?
- SAND SNAKES MIPA 1 UNIT has reported 621,783 barrels of oil (bbl) to the Railroad Commission of Texas between October 2023 and August 2026, from 2 wellbores.
- How much is SAND SNAKES MIPA 1 UNIT worth?
- The remaining production from SAND SNAKES MIPA 1 UNIT is estimated to be worth about $3.7M in total as of 27 August 2026, within a range of $3.1M to $4.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SAND SNAKES MIPA 1 UNIT is a fraction of it. The estimate fits an Arps decline curve to the production SAND SNAKES MIPA 1 UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SAND SNAKES MIPA 1 UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does SAND SNAKES MIPA 1 UNIT generate in a year?
- SAND SNAKES MIPA 1 UNIT is forecast to net about $2.5M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SAND SNAKES MIPA 1 UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Birch Operations, Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 60677 |
| Wellbores | 2 |
| Reported production | 621,783 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.7M |
Where SAND SNAKES MIPA 1 UNIT 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.