SAGE
SAGE is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Bulldog Operating Company. It has 2 wellbores on file with the Commission. Reported production runs from March 2012 to August 2026, totalling 128,716 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 $1.2M, with roughly $276K 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 353 barrels a month, about 176 per wellbore. Its strongest month on the record we hold was May 2016, at 1,057 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 SAGE
- Who operates SAGE?
- SAGE is operated by Bulldog Operating Company, Railroad Commission of Texas operator number 106508.
- Where is SAGE?
- SAGE is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 42485.
- Is SAGE still producing?
- SAGE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SAGE is August 2026.
- How much has SAGE produced?
- SAGE has reported 128,716 barrels of oil (bbl) to the Railroad Commission of Texas between March 2012 and August 2026, from 2 wellbores.
- How much is SAGE worth?
- The remaining production from SAGE is estimated to be worth about $1.2M in total as of 26 August 2026, within a range of $944K to $1.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SAGE is a fraction of it. The estimate fits an Arps decline curve to the production SAGE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SAGE is an estimate of value, not an offer and not an appraisal.
- How much income does SAGE generate in a year?
- SAGE is forecast to net about $276K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SAGE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Bulldog Operating Company |
|---|---|
| Field | Block 12 |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 42485 |
| Wellbores | 2 |
| Reported production | 128,716 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.2M |
Where SAGE 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.