BREEDLOVE-POLARIS
BREEDLOVE-POLARIS is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Santa Fe Energy Resources, Inc. It has 2 wellbores on file with the Commission. Reported production runs from May 1996 to August 2026, totalling 876,928 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 $7.1M, with roughly $2.1M 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 3,475 barrels a month, about 1,737 per wellbore. Its strongest month on the record we hold was October 2017, at 5,438 barrels. 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 BREEDLOVE-POLARIS
- Who operates BREEDLOVE-POLARIS?
- BREEDLOVE-POLARIS is operated by Santa Fe Energy Resources, Inc., Railroad Commission of Texas operator number 748109.
- Where is BREEDLOVE-POLARIS?
- BREEDLOVE-POLARIS is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 34977.
- Is BREEDLOVE-POLARIS still producing?
- BREEDLOVE-POLARIS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BREEDLOVE-POLARIS is August 2026.
- How much has BREEDLOVE-POLARIS produced?
- BREEDLOVE-POLARIS has reported 876,928 barrels of oil (bbl) to the Railroad Commission of Texas between May 1996 and August 2026, from 2 wellbores.
- How much is BREEDLOVE-POLARIS worth?
- The remaining production from BREEDLOVE-POLARIS is estimated to be worth about $7.1M in total as of 27 August 2026, within a range of $5.9M to $8.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BREEDLOVE-POLARIS is a fraction of it. The estimate fits an Arps decline curve to the production BREEDLOVE-POLARIS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BREEDLOVE-POLARIS is an estimate of value, not an offer and not an appraisal.
- How much income does BREEDLOVE-POLARIS generate in a year?
- BREEDLOVE-POLARIS is forecast to net about $2.1M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in BREEDLOVE-POLARIS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Santa Fe Energy Resources, Inc. |
|---|---|
| Field | Comanche Bluff (Silurian) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 34977 |
| Wellbores | 2 |
| Reported production | 876,928 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $7.1M |
Where BREEDLOVE-POLARIS 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.