SNEED, GILBERT
SNEED, GILBERT is a Texas oil lease in Brazoria County, Railroad Commission district 03, operated by MW Petroleum Corporation. It has 8 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 158,810 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 $893K, with roughly $203K 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 301 barrels a month, about 38 per wellbore. Its strongest month on the record we hold was May 2017, at 856 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 SNEED, GILBERT
- Who operates SNEED, GILBERT?
- SNEED, GILBERT is operated by MW Petroleum Corporation, Railroad Commission of Texas operator number 597371.
- Where is SNEED, GILBERT?
- SNEED, GILBERT is a Texas oil lease in Brazoria County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 05619.
- Is SNEED, GILBERT still producing?
- SNEED, GILBERT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SNEED, GILBERT is August 2026.
- How much has SNEED, GILBERT produced?
- SNEED, GILBERT has reported 158,810 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 8 wellbores.
- How much is SNEED, GILBERT worth?
- The remaining production from SNEED, GILBERT is estimated to be worth about $893K in total as of 26 August 2026, within a range of $697K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SNEED, GILBERT is a fraction of it. The estimate fits an Arps decline curve to the production SNEED, GILBERT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SNEED, GILBERT is an estimate of value, not an offer and not an appraisal.
- How much income does SNEED, GILBERT generate in a year?
- SNEED, GILBERT is forecast to net about $203K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SNEED, GILBERT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | MW Petroleum Corporation |
|---|---|
| Field | Hastings, East |
| County | Brazoria County, Texas |
| RRC district | 03 |
| Lease number | 05619 |
| Wellbores | 8 |
| Reported production | 158,810 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $893K |
Where SNEED, GILBERT 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.