SNEED, ERNEST
SNEED, ERNEST is a Texas oil lease in Eastland County, Railroad Commission district 7B, operated by Ronning Gas And Oil LLC. It has 1 wellbore on file with the Commission. Reported production runs from August 2022 to August 2026, totalling 5,874 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 $557K, with roughly $107K 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 162 barrels a month. Its strongest month on the record we hold was April 2025, at 206 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, ERNEST
- Who operates SNEED, ERNEST?
- SNEED, ERNEST is operated by Ronning Gas And Oil LLC, Railroad Commission of Texas operator number 727054.
- Where is SNEED, ERNEST?
- SNEED, ERNEST is a Texas oil lease in Eastland County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 32611.
- Is SNEED, ERNEST still producing?
- SNEED, ERNEST is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SNEED, ERNEST is August 2026.
- How much has SNEED, ERNEST produced?
- SNEED, ERNEST has reported 5,874 barrels of oil (bbl) to the Railroad Commission of Texas between August 2022 and August 2026, from 1 wellbore.
- How much is SNEED, ERNEST worth?
- The remaining production from SNEED, ERNEST is estimated to be worth about $557K in total as of 27 August 2026, within a range of $435K to $680K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SNEED, ERNEST is a fraction of it. The estimate fits an Arps decline curve to the production SNEED, ERNEST has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SNEED, ERNEST is an estimate of value, not an offer and not an appraisal.
- How much income does SNEED, ERNEST generate in a year?
- SNEED, ERNEST is forecast to net about $107K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SNEED, ERNEST receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ronning Gas And Oil LLC |
|---|---|
| Field | Reb (Marble Falls) |
| County | Eastland County, Texas |
| RRC district | 7B |
| Lease number | 32611 |
| Wellbores | 1 |
| Reported production | 5,874 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $557K |
Where SNEED, ERNEST 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.