SNELL
SNELL is a Texas oil lease in Martin County, Railroad Commission district 8A, operated by Maguire Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 20,212 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 $664K, with roughly $128K 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 169 barrels a month. Its strongest month on the record we hold was January 2026, at 252 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 SNELL
- Who operates SNELL?
- SNELL is operated by Maguire Oil Company, Railroad Commission of Texas operator number 521980.
- Where is SNELL?
- SNELL is a Texas oil lease in Martin County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 62339.
- Is SNELL still producing?
- SNELL is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SNELL is August 2026.
- How much has SNELL produced?
- SNELL has reported 20,212 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is SNELL worth?
- The remaining production from SNELL is estimated to be worth about $664K in total as of 26 August 2026, within a range of $518K to $810K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SNELL is a fraction of it. The estimate fits an Arps decline curve to the production SNELL has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SNELL is an estimate of value, not an offer and not an appraisal.
- How much income does SNELL generate in a year?
- SNELL is forecast to net about $128K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SNELL receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Maguire Oil Company |
|---|---|
| Field | Ackerly (Dean Sand) |
| County | Martin County, Texas |
| RRC district | 8A |
| Lease number | 62339 |
| Wellbores | 1 |
| Reported production | 20,212 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $664K |
Where SNELL 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.