RED SNAPPER-NEAL
RED SNAPPER-NEAL is a Texas oil lease in Glasscock County, Railroad Commission district 08, operated by Apache Corporation. It has 12 wellbores on file with the Commission. Reported production runs from February 2011 to August 2026, totalling 818,228 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 $7.4M, with roughly $1.6M 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 1,834 barrels a month, about 153 per wellbore. Its strongest month on the record we hold was May 2016, at 7,348 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 RED SNAPPER-NEAL
- Who operates RED SNAPPER-NEAL?
- RED SNAPPER-NEAL is operated by Apache Corporation, Railroad Commission of Texas operator number 027200.
- Where is RED SNAPPER-NEAL?
- RED SNAPPER-NEAL is a Texas oil lease in Glasscock County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 41008.
- Is RED SNAPPER-NEAL still producing?
- RED SNAPPER-NEAL is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RED SNAPPER-NEAL is August 2026.
- How much has RED SNAPPER-NEAL produced?
- RED SNAPPER-NEAL has reported 818,228 barrels of oil (bbl) to the Railroad Commission of Texas between February 2011 and August 2026, from 12 wellbores.
- How much is RED SNAPPER-NEAL worth?
- The remaining production from RED SNAPPER-NEAL is estimated to be worth about $7.4M in total as of 27 August 2026, within a range of $6.1M to $8.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RED SNAPPER-NEAL is a fraction of it. The estimate fits an Arps decline curve to the production RED SNAPPER-NEAL has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RED SNAPPER-NEAL is an estimate of value, not an offer and not an appraisal.
- How much income does RED SNAPPER-NEAL generate in a year?
- RED SNAPPER-NEAL is forecast to net about $1.6M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in RED SNAPPER-NEAL receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Apache Corporation |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Glasscock County, Texas |
| RRC district | 08 |
| Lease number | 41008 |
| Wellbores | 12 |
| Reported production | 818,228 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $7.4M |
Where RED SNAPPER-NEAL 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.