SOUTH TEXAS SYNDICATE
SOUTH TEXAS SYNDICATE is a Texas oil lease in La Salle County, Railroad Commission district 01, operated by Mina Energy, Inc. It has 13 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 117,567 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 $691K, with roughly $157K 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 252 barrels a month, about 19 per wellbore. Its strongest month on the record we hold was April 2025, at 334 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 SOUTH TEXAS SYNDICATE
- Who operates SOUTH TEXAS SYNDICATE?
- SOUTH TEXAS SYNDICATE is operated by Mina Energy, Inc., Railroad Commission of Texas operator number 569545.
- Where is SOUTH TEXAS SYNDICATE?
- SOUTH TEXAS SYNDICATE is a Texas oil lease in La Salle County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 03224.
- Is SOUTH TEXAS SYNDICATE still producing?
- SOUTH TEXAS SYNDICATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SOUTH TEXAS SYNDICATE is August 2026.
- How much has SOUTH TEXAS SYNDICATE produced?
- SOUTH TEXAS SYNDICATE has reported 117,567 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 13 wellbores.
- How much is SOUTH TEXAS SYNDICATE worth?
- The remaining production from SOUTH TEXAS SYNDICATE is estimated to be worth about $691K in total as of 27 August 2026, within a range of $539K to $844K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SOUTH TEXAS SYNDICATE is a fraction of it. The estimate fits an Arps decline curve to the production SOUTH TEXAS SYNDICATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SOUTH TEXAS SYNDICATE is an estimate of value, not an offer and not an appraisal.
- How much income does SOUTH TEXAS SYNDICATE generate in a year?
- SOUTH TEXAS SYNDICATE is forecast to net about $157K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SOUTH TEXAS SYNDICATE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mina Energy, Inc. |
|---|---|
| Field | Jack Frost (Crockett) |
| County | La Salle County, Texas |
| RRC district | 01 |
| Lease number | 03224 |
| Wellbores | 13 |
| Reported production | 117,567 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $691K |
Where SOUTH TEXAS SYNDICATE 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.