SNODGRASS 55-2-40 UNIT SW
SNODGRASS 55-2-40 UNIT SW is a Texas gas lease in Loving County, Railroad Commission district 08. It has 1 wellbore on file with the Commission. Reported production runs from January 2018 to August 2026, totalling 1,095,862 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 $6.5M, with roughly $1.4M 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 9,037 thousand cubic feet a month. Its strongest month on the record we hold was November 2019, at 61,210 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 SNODGRASS 55-2-40 UNIT SW
- Where is SNODGRASS 55-2-40 UNIT SW?
- SNODGRASS 55-2-40 UNIT SW is a Texas gas lease in Loving County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 288480.
- Is SNODGRASS 55-2-40 UNIT SW still producing?
- SNODGRASS 55-2-40 UNIT SW is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SNODGRASS 55-2-40 UNIT SW is August 2026.
- How much has SNODGRASS 55-2-40 UNIT SW produced?
- SNODGRASS 55-2-40 UNIT SW has reported 1,095,862 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 2018 and August 2026, from 1 wellbore.
- How much is SNODGRASS 55-2-40 UNIT SW worth?
- The remaining production from SNODGRASS 55-2-40 UNIT SW is estimated to be worth about $6.5M in total as of 27 August 2026, within a range of $5.4M to $7.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SNODGRASS 55-2-40 UNIT SW is a fraction of it. The estimate fits an Arps decline curve to the production SNODGRASS 55-2-40 UNIT SW has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SNODGRASS 55-2-40 UNIT SW is an estimate of value, not an offer and not an appraisal.
- How much income does SNODGRASS 55-2-40 UNIT SW generate in a year?
- SNODGRASS 55-2-40 UNIT SW is forecast to net about $1.4M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SNODGRASS 55-2-40 UNIT SW receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| County | Loving County, Texas |
|---|---|
| RRC district | 08 |
| Lease number | 288480 |
| Wellbores | 1 |
| Reported production | 1,095,862 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $6.5M |
Where SNODGRASS 55-2-40 UNIT SW 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.