SEGU-303
SEGU-303 is a Texas oil lease in Garza County, Railroad Commission district 8A, operated by Fina Oil & Chemical Company. It has 1 wellbore on file with the Commission. Reported production runs from March 1993 to August 2026, totalling 62,271 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 $745K, with roughly $143K 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 150 barrels a month. Its strongest month on the record we hold was December 2025, at 278 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 SEGU-303
- Who operates SEGU-303?
- SEGU-303 is operated by Fina Oil & Chemical Company, Railroad Commission of Texas operator number 268321.
- Where is SEGU-303?
- SEGU-303 is a Texas oil lease in Garza County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 67038.
- Is SEGU-303 still producing?
- SEGU-303 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SEGU-303 is August 2026.
- How much has SEGU-303 produced?
- SEGU-303 has reported 62,271 barrels of oil (bbl) to the Railroad Commission of Texas between March 1993 and August 2026, from 1 wellbore.
- How much is SEGU-303 worth?
- The remaining production from SEGU-303 is estimated to be worth about $745K in total as of 26 August 2026, within a range of $581K to $908K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SEGU-303 is a fraction of it. The estimate fits an Arps decline curve to the production SEGU-303 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SEGU-303 is an estimate of value, not an offer and not an appraisal.
- How much income does SEGU-303 generate in a year?
- SEGU-303 is forecast to net about $143K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SEGU-303 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Fina Oil & Chemical Company |
|---|---|
| Field | Garza (San Andres, Lower) |
| County | Garza County, Texas |
| RRC district | 8A |
| Lease number | 67038 |
| Wellbores | 1 |
| Reported production | 62,271 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $745K |
Where SEGU-303 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.