SAU 12-4
SAU 12-4 is a Texas oil lease in Reagan County, Railroad Commission district 7C, operated by Hardy Oil & Gas USA Inc. It has 5 wellbores on file with the Commission. Reported production runs from June 1993 to August 2026, totalling 180,006 barrels. The lease is intermittent. 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 $218K, with roughly $38K 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 14 barrels a month, about 3 per wellbore. Its strongest month on the record we hold was May 2016, at 908 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 SAU 12-4
- Who operates SAU 12-4?
- SAU 12-4 is operated by Hardy Oil & Gas USA Inc., Railroad Commission of Texas operator number 356796.
- Where is SAU 12-4?
- SAU 12-4 is a Texas oil lease in Reagan County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 13474.
- Is SAU 12-4 still producing?
- SAU 12-4 is intermittent. The most recent month of production reported to the Railroad Commission of Texas for SAU 12-4 is August 2026.
- How much has SAU 12-4 produced?
- SAU 12-4 has reported 180,006 barrels of oil (bbl) to the Railroad Commission of Texas between June 1993 and August 2026, from 5 wellbores.
- How much is SAU 12-4 worth?
- The remaining production from SAU 12-4 is estimated to be worth about $218K in total as of 27 August 2026, within a range of $120K to $316K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SAU 12-4 is a fraction of it. The estimate fits an Arps decline curve to the production SAU 12-4 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SAU 12-4 is an estimate of value, not an offer and not an appraisal.
- How much income does SAU 12-4 generate in a year?
- SAU 12-4 is forecast to net about $38K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SAU 12-4 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Hardy Oil & Gas USA Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Reagan County, Texas |
| RRC district | 7C |
| Lease number | 13474 |
| Wellbores | 5 |
| Reported production | 180,006 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $218K |
Where SAU 12-4 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.