SNEED
SNEED is a Texas oil lease in Nolan County, Railroad Commission district 7B, operated by Spiller Operating Co., Inc. It has 1 wellbore on file with the Commission. Reported production runs from February 2006 to August 2026, totalling 69,031 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 $46K, with roughly $9K 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 12 barrels a month. Its strongest month on the record we hold was October 2018, at 555 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 SNEED
- Who operates SNEED?
- SNEED is operated by Spiller Operating Co., Inc., Railroad Commission of Texas operator number 809838.
- Where is SNEED?
- SNEED is a Texas oil lease in Nolan County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 29691.
- Is SNEED still producing?
- SNEED is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SNEED is August 2026.
- How much has SNEED produced?
- SNEED has reported 69,031 barrels of oil (bbl) to the Railroad Commission of Texas between February 2006 and August 2026, from 1 wellbore.
- How much is SNEED worth?
- The remaining production from SNEED is estimated to be worth about $46K in total as of 26 August 2026, within a range of $26K to $67K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SNEED is a fraction of it. The estimate fits an Arps decline curve to the production SNEED has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SNEED is an estimate of value, not an offer and not an appraisal.
- How much income does SNEED generate in a year?
- SNEED is forecast to net about $9K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SNEED receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Spiller Operating Co., Inc. |
|---|---|
| Field | Hat Top Mountain, N. (Fry SD.) |
| County | Nolan County, Texas |
| RRC district | 7B |
| Lease number | 29691 |
| Wellbores | 1 |
| Reported production | 69,031 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $46K |
Where SNEED 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.