SALLIE LEE
SALLIE LEE is a Texas oil lease in King County, Railroad Commission district 8A, operated by Gunn Oil Company. It has 2 wellbores on file with the Commission. Reported production runs from April 2024 to August 2026, totalling 39,096 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 $4.2M, with roughly $947K 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 1,764 barrels a month, about 882 per wellbore. Its strongest month on the record we hold was October 2025, at 2,636 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 SALLIE LEE
- Who operates SALLIE LEE?
- SALLIE LEE is operated by Gunn Oil Company, Railroad Commission of Texas operator number 339493.
- Where is SALLIE LEE?
- SALLIE LEE is a Texas oil lease in King County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 71371.
- Is SALLIE LEE still producing?
- SALLIE LEE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SALLIE LEE is August 2026.
- How much has SALLIE LEE produced?
- SALLIE LEE has reported 39,096 barrels of oil (bbl) to the Railroad Commission of Texas between April 2024 and August 2026, from 2 wellbores.
- How much is SALLIE LEE worth?
- The remaining production from SALLIE LEE is estimated to be worth about $4.2M in total as of 27 August 2026, within a range of $3.5M to $4.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SALLIE LEE is a fraction of it. The estimate fits an Arps decline curve to the production SALLIE LEE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SALLIE LEE is an estimate of value, not an offer and not an appraisal.
- How much income does SALLIE LEE generate in a year?
- SALLIE LEE is forecast to net about $947K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SALLIE LEE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Gunn Oil Company |
|---|---|
| Field | Wild Hog (Bunger Sand) |
| County | King County, Texas |
| RRC district | 8A |
| Lease number | 71371 |
| Wellbores | 2 |
| Reported production | 39,096 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.2M |
Where SALLIE LEE 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.