LONG
LONG is a Texas oil lease in Carson County, Railroad Commission district 10, operated by Sand Springs Oil & Gas Co. It has 27 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 102,089 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 $342K, with roughly $66K 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 85 barrels a month, about 3 per wellbore. Its strongest month on the record we hold was January 2019, at 472 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 LONG
- Who operates LONG?
- LONG is operated by Sand Springs Oil & Gas Co., Railroad Commission of Texas operator number 747175.
- Where is LONG?
- LONG is a Texas oil lease in Carson County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 00125.
- Is LONG still producing?
- LONG is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LONG is August 2026.
- How much has LONG produced?
- LONG has reported 102,089 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 27 wellbores.
- How much is LONG worth?
- The remaining production from LONG is estimated to be worth about $342K in total as of 26 August 2026, within a range of $188K to $495K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LONG is a fraction of it. The estimate fits an Arps decline curve to the production LONG has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LONG is an estimate of value, not an offer and not an appraisal.
- How much income does LONG generate in a year?
- LONG is forecast to net about $66K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LONG receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Sand Springs Oil & Gas Co. |
|---|---|
| Field | Panhandle Carson County Field |
| County | Carson County, Texas |
| RRC district | 10 |
| Lease number | 00125 |
| Wellbores | 27 |
| Reported production | 102,089 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $342K |
Where LONG 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.