SALE 29
SALE 29 is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Reliance Energy, Inc. It has 1 wellbore on file with the Commission. Reported production runs from February 2012 to August 2026, totalling 79,445 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 $621K, with roughly $114K 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 126 barrels a month. Its strongest month on the record we hold was August 2016, at 627 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 SALE 29
- Who operates SALE 29?
- SALE 29 is operated by Reliance Energy, Inc., Railroad Commission of Texas operator number 700995.
- Where is SALE 29?
- SALE 29 is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 43956.
- Is SALE 29 still producing?
- SALE 29 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SALE 29 is August 2026.
- How much has SALE 29 produced?
- SALE 29 has reported 79,445 barrels of oil (bbl) to the Railroad Commission of Texas between February 2012 and August 2026, from 1 wellbore.
- How much is SALE 29 worth?
- The remaining production from SALE 29 is estimated to be worth about $621K in total as of 27 August 2026, within a range of $484K to $758K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SALE 29 is a fraction of it. The estimate fits an Arps decline curve to the production SALE 29 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SALE 29 is an estimate of value, not an offer and not an appraisal.
- How much income does SALE 29 generate in a year?
- SALE 29 is forecast to net about $114K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SALE 29 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Reliance Energy, Inc. |
|---|---|
| Field | Lowe (Atoka) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 43956 |
| Wellbores | 1 |
| Reported production | 79,445 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $621K |
Where SALE 29 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.