SANFORD
SANFORD is a Texas gas lease in Hutchinson County, Railroad Commission district 10, operated by Mustang Oil & Gas Corporation. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 988,768 thousand cubic feet. 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 $249K, with roughly $38K 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 1,066 thousand cubic feet a month. Its strongest month on the record we hold was November 2016, at 3,479 thousand cubic feet. 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 SANFORD
- Who operates SANFORD?
- SANFORD is operated by Mustang Oil & Gas Corporation, Railroad Commission of Texas operator number 596926.
- Where is SANFORD?
- SANFORD is a Texas gas lease in Hutchinson County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 023799.
- Is SANFORD still producing?
- SANFORD is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SANFORD is August 2026.
- How much has SANFORD produced?
- SANFORD has reported 988,768 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is SANFORD worth?
- The remaining production from SANFORD is estimated to be worth about $249K in total as of 27 August 2026, within a range of $207K to $292K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SANFORD is a fraction of it. The estimate fits an Arps decline curve to the production SANFORD has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SANFORD is an estimate of value, not an offer and not an appraisal.
- How much income does SANFORD generate in a year?
- SANFORD is forecast to net about $38K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SANFORD receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mustang Oil & Gas Corporation |
|---|---|
| Field | Panhandle, West |
| County | Hutchinson County, Texas |
| RRC district | 10 |
| Lease number | 023799 |
| Wellbores | 1 |
| Reported production | 988,768 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $249K |
Where SANFORD 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.