SARAH
SARAH is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Mid-States Operating Company. It has 1 wellbore on file with the Commission. Reported production runs from January 2002 to August 2026, totalling 89,030 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 $1.2M, with roughly $204K 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 188 barrels a month. Its strongest month on the record we hold was October 2016, at 643 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 SARAH
- Who operates SARAH?
- SARAH is operated by Mid-States Operating Company, Railroad Commission of Texas operator number 566121.
- Where is SARAH?
- SARAH is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 36830.
- Is SARAH still producing?
- SARAH is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SARAH is August 2026.
- How much has SARAH produced?
- SARAH has reported 89,030 barrels of oil (bbl) to the Railroad Commission of Texas between January 2002 and August 2026, from 1 wellbore.
- How much is SARAH worth?
- The remaining production from SARAH is estimated to be worth about $1.2M in total as of 27 August 2026, within a range of $930K to $1.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SARAH is a fraction of it. The estimate fits an Arps decline curve to the production SARAH has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SARAH is an estimate of value, not an offer and not an appraisal.
- How much income does SARAH generate in a year?
- SARAH is forecast to net about $204K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SARAH receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mid-States Operating Company |
|---|---|
| Field | Azalea (Devonian) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 36830 |
| Wellbores | 1 |
| Reported production | 89,030 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.2M |
Where SARAH 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.