SAMES
SAMES is a Texas oil lease in Jack County, Railroad Commission district 09, operated by Covenant Operating, LLC. It has 5 wellbores on file with the Commission. Reported production runs from December 2013 to August 2026, totalling 47,233 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 $261K, with roughly $50K 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 70 barrels a month, about 14 per wellbore. Its strongest month on the record we hold was July 2017, at 967 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 SAMES
- Who operates SAMES?
- SAMES is operated by Covenant Operating, LLC, Railroad Commission of Texas operator number 182800.
- Where is SAMES?
- SAMES is a Texas oil lease in Jack County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 32842.
- Is SAMES still producing?
- SAMES is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SAMES is August 2026.
- How much has SAMES produced?
- SAMES has reported 47,233 barrels of oil (bbl) to the Railroad Commission of Texas between December 2013 and August 2026, from 5 wellbores.
- How much is SAMES worth?
- The remaining production from SAMES is estimated to be worth about $261K in total as of 26 August 2026, within a range of $143K to $378K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SAMES is a fraction of it. The estimate fits an Arps decline curve to the production SAMES has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SAMES is an estimate of value, not an offer and not an appraisal.
- How much income does SAMES generate in a year?
- SAMES is forecast to net about $50K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SAMES receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Covenant Operating, LLC |
|---|---|
| Field | Bryson, East |
| County | Jack County, Texas |
| RRC district | 09 |
| Lease number | 32842 |
| Wellbores | 5 |
| Reported production | 47,233 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $261K |
Where SAMES 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.