SAND SNAKES MIPA 3 UNIT
SAND SNAKES MIPA 3 UNIT is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Birch Operations, Inc. It has 1 wellbore on file with the Commission. Reported production runs from October 2023 to August 2026, totalling 212,908 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 $5.0M, with roughly $1.5M 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 2,900 barrels a month. Its strongest month on the record we hold was November 2023, at 37,783 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 3 UNIT
- Who operates SAND SNAKES MIPA 3 UNIT?
- SAND SNAKES MIPA 3 UNIT is operated by Birch Operations, Inc., Railroad Commission of Texas operator number 071331.
- Where is SAND SNAKES MIPA 3 UNIT?
- SAND SNAKES MIPA 3 UNIT is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 60707.
- Is SAND SNAKES MIPA 3 UNIT still producing?
- SAND SNAKES MIPA 3 UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SAND SNAKES MIPA 3 UNIT is August 2026.
- How much has SAND SNAKES MIPA 3 UNIT produced?
- SAND SNAKES MIPA 3 UNIT has reported 212,908 barrels of oil (bbl) to the Railroad Commission of Texas between October 2023 and August 2026, from 1 wellbore.
- How much is SAND SNAKES MIPA 3 UNIT worth?
- The remaining production from SAND SNAKES MIPA 3 UNIT is estimated to be worth about $5.0M in total as of 27 August 2026, within a range of $4.1M to $5.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SAND SNAKES MIPA 3 UNIT is a fraction of it. The estimate fits an Arps decline curve to the production SAND SNAKES MIPA 3 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 3 UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does SAND SNAKES MIPA 3 UNIT generate in a year?
- SAND SNAKES MIPA 3 UNIT is forecast to net about $1.5M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SAND SNAKES MIPA 3 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 | 60707 |
| Wellbores | 1 |
| Reported production | 212,908 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $5.0M |
Where SAND SNAKES MIPA 3 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.