SAM 938
SAM 938 is a Texas oil lease in Ochiltree County, Railroad Commission district 10, operated by Holmes Exploration, LLC. It has 2 wellbores on file with the Commission. Reported production runs from April 2012 to August 2026, totalling 226,244 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 $206K 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 215 barrels a month, about 108 per wellbore. Its strongest month on the record we hold was May 2016, at 977 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 SAM 938
- Who operates SAM 938?
- SAM 938 is operated by Holmes Exploration, LLC, Railroad Commission of Texas operator number 394700.
- Where is SAM 938?
- SAM 938 is a Texas oil lease in Ochiltree County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 08671.
- Is SAM 938 still producing?
- SAM 938 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SAM 938 is August 2026.
- How much has SAM 938 produced?
- SAM 938 has reported 226,244 barrels of oil (bbl) to the Railroad Commission of Texas between April 2012 and August 2026, from 2 wellbores.
- How much is SAM 938 worth?
- The remaining production from SAM 938 is estimated to be worth about $1.2M in total as of 27 August 2026, within a range of $963K to $1.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SAM 938 is a fraction of it. The estimate fits an Arps decline curve to the production SAM 938 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SAM 938 is an estimate of value, not an offer and not an appraisal.
- How much income does SAM 938 generate in a year?
- SAM 938 is forecast to net about $206K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SAM 938 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Holmes Exploration, LLC |
|---|---|
| Field | Kiowa Creek (Marmaton) |
| County | Ochiltree County, Texas |
| RRC district | 10 |
| Lease number | 08671 |
| Wellbores | 2 |
| Reported production | 226,244 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.2M |
Where SAM 938 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.