SNEAD
SNEAD is a Texas oil lease in Hale County, Railroad Commission district 8A, operated by Occidental Permian Ltd. It has 2 wellbores on file with the Commission. Reported production runs from May 2001 to August 2026, totalling 883,910 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 $899K, with roughly $163K 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 189 barrels a month, about 94 per wellbore. Its strongest month on the record we hold was June 2018, at 699 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 SNEAD
- Who operates SNEAD?
- SNEAD is operated by Occidental Permian Ltd., Railroad Commission of Texas operator number 617544.
- Where is SNEAD?
- SNEAD is a Texas oil lease in Hale County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 68318.
- Is SNEAD still producing?
- SNEAD is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SNEAD is August 2026.
- How much has SNEAD produced?
- SNEAD has reported 883,910 barrels of oil (bbl) to the Railroad Commission of Texas between May 2001 and August 2026, from 2 wellbores.
- How much is SNEAD worth?
- The remaining production from SNEAD is estimated to be worth about $899K in total as of 27 August 2026, within a range of $701K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SNEAD is a fraction of it. The estimate fits an Arps decline curve to the production SNEAD has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SNEAD is an estimate of value, not an offer and not an appraisal.
- How much income does SNEAD generate in a year?
- SNEAD is forecast to net about $163K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SNEAD receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Occidental Permian Ltd. |
|---|---|
| Field | Anton-Irish (Wolfcamp) |
| County | Hale County, Texas |
| RRC district | 8A |
| Lease number | 68318 |
| Wellbores | 2 |
| Reported production | 883,910 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $899K |
Where SNEAD 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.