SNODGRASS, E. N.
SNODGRASS, E. N. is a Texas oil lease in Crane County, Railroad Commission district 08, operated by Pennzoil Petroleum Company. It has 60 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 1,272,751 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 $667K, 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 316 barrels a month, about 5 per wellbore. Its strongest month on the record we hold was May 2016, at 1,972 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 SNODGRASS, E. N.
- Who operates SNODGRASS, E. N.?
- SNODGRASS, E. N. is operated by Pennzoil Petroleum Company, Railroad Commission of Texas operator number 652365.
- Where is SNODGRASS, E. N.?
- SNODGRASS, E. N. is a Texas oil lease in Crane County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 07154.
- Is SNODGRASS, E. N. still producing?
- SNODGRASS, E. N. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SNODGRASS, E. N. is August 2026.
- How much has SNODGRASS, E. N. produced?
- SNODGRASS, E. N. has reported 1,272,751 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 60 wellbores.
- How much is SNODGRASS, E. N. worth?
- The remaining production from SNODGRASS, E. N. is estimated to be worth about $667K in total as of 27 August 2026, within a range of $521K to $814K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SNODGRASS, E. N. is a fraction of it. The estimate fits an Arps decline curve to the production SNODGRASS, E. N. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SNODGRASS, E. N. is an estimate of value, not an offer and not an appraisal.
- How much income does SNODGRASS, E. N. generate in a year?
- SNODGRASS, E. N. is forecast to net about $203K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SNODGRASS, E. N. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pennzoil Petroleum Company |
|---|---|
| Field | Waddell |
| County | Crane County, Texas |
| RRC district | 08 |
| Lease number | 07154 |
| Wellbores | 60 |
| Reported production | 1,272,751 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $667K |
Where SNODGRASS, E. N. 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.