SNAKE EYES UNIT
SNAKE EYES UNIT is a Texas oil lease in Atascosa County, Railroad Commission district 01, operated by Abraxas Petroleum Corporation. It has 1 wellbore on file with the Commission. Reported production runs from March 2014 to August 2026, totalling 236,832 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 $564K, with roughly $108K 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 169 barrels a month. Its strongest month on the record we hold was November 2016, at 3,129 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 SNAKE EYES UNIT
- Who operates SNAKE EYES UNIT?
- SNAKE EYES UNIT is operated by Abraxas Petroleum Corporation, Railroad Commission of Texas operator number 003125.
- Where is SNAKE EYES UNIT?
- SNAKE EYES UNIT is a Texas oil lease in Atascosa County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 17582.
- Is SNAKE EYES UNIT still producing?
- SNAKE EYES UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SNAKE EYES UNIT is August 2026.
- How much has SNAKE EYES UNIT produced?
- SNAKE EYES UNIT has reported 236,832 barrels of oil (bbl) to the Railroad Commission of Texas between March 2014 and August 2026, from 1 wellbore.
- How much is SNAKE EYES UNIT worth?
- The remaining production from SNAKE EYES UNIT is estimated to be worth about $564K in total as of 27 August 2026, within a range of $440K to $688K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SNAKE EYES UNIT is a fraction of it. The estimate fits an Arps decline curve to the production SNAKE EYES UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SNAKE EYES UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does SNAKE EYES UNIT generate in a year?
- SNAKE EYES UNIT is forecast to net about $108K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SNAKE EYES UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Abraxas Petroleum Corporation |
|---|---|
| Field | Eagleville (Eagle Ford-1) |
| County | Atascosa County, Texas |
| RRC district | 01 |
| Lease number | 17582 |
| Wellbores | 1 |
| Reported production | 236,832 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $564K |
Where SNAKE EYES 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.