OAKS
OAKS is a Texas oil lease in Martin County, Railroad Commission district 8A, operated by Santa Fe Energy Resources, Inc. It has 5 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 94,621 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 $627K, with roughly $167K 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 240 barrels a month, about 48 per wellbore. Its strongest month on the record we hold was October 2025, at 737 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 OAKS
- Who operates OAKS?
- OAKS is operated by Santa Fe Energy Resources, Inc., Railroad Commission of Texas operator number 748109.
- Where is OAKS?
- OAKS is a Texas oil lease in Martin County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 61775.
- Is OAKS still producing?
- OAKS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for OAKS is August 2026.
- How much has OAKS produced?
- OAKS has reported 94,621 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 5 wellbores.
- How much is OAKS worth?
- The remaining production from OAKS is estimated to be worth about $627K in total as of 27 August 2026, within a range of $489K to $765K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in OAKS is a fraction of it. The estimate fits an Arps decline curve to the production OAKS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for OAKS is an estimate of value, not an offer and not an appraisal.
- How much income does OAKS generate in a year?
- OAKS is forecast to net about $167K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in OAKS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Santa Fe Energy Resources, Inc. |
|---|---|
| Field | Ackerly (Dean Sand) |
| County | Martin County, Texas |
| RRC district | 8A |
| Lease number | 61775 |
| Wellbores | 5 |
| Reported production | 94,621 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $627K |
Where OAKS 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.