SANGER HEIRS 391
SANGER HEIRS 391 is a Texas gas lease in Live Oak County, Railroad Commission district 02, operated by Hanson Production Company. It has 1 wellbore on file with the Commission. Reported production runs from September 1999 to August 2026, totalling 83,301 thousand cubic feet. The lease is intermittent. 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 $28K, with roughly $4K 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 146 thousand cubic feet a month. Its strongest month on the record we hold was January 2021, at 1,083 thousand cubic feet. 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 SANGER HEIRS 391
- Who operates SANGER HEIRS 391?
- SANGER HEIRS 391 is operated by Hanson Production Company, Railroad Commission of Texas operator number 355500.
- Where is SANGER HEIRS 391?
- SANGER HEIRS 391 is a Texas gas lease in Live Oak County, Texas, in Railroad Commission district 02. Its Railroad Commission lease number is 175634.
- Is SANGER HEIRS 391 still producing?
- SANGER HEIRS 391 is intermittent. The most recent month of production reported to the Railroad Commission of Texas for SANGER HEIRS 391 is August 2026.
- How much has SANGER HEIRS 391 produced?
- SANGER HEIRS 391 has reported 83,301 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between September 1999 and August 2026, from 1 wellbore.
- How much is SANGER HEIRS 391 worth?
- The remaining production from SANGER HEIRS 391 is estimated to be worth about $28K in total as of 27 August 2026, within a range of $22K to $34K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SANGER HEIRS 391 is a fraction of it. The estimate fits an Arps decline curve to the production SANGER HEIRS 391 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SANGER HEIRS 391 is an estimate of value, not an offer and not an appraisal.
- How much income does SANGER HEIRS 391 generate in a year?
- SANGER HEIRS 391 is forecast to net about $4K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SANGER HEIRS 391 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Hanson Production Company |
|---|---|
| Field | Sanger, South (2ND Tom Lyne) |
| County | Live Oak County, Texas |
| RRC district | 02 |
| Lease number | 175634 |
| Wellbores | 1 |
| Reported production | 83,301 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $28K |
Where SANGER HEIRS 391 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.