SECTION 235-220 ALLOC 03

SECTION 235-220 ALLOC 03 is a Texas oil lease in Reagan County, Railroad Commission district 7C, operated by Sable Permian Resources, LLC. It has 1 wellbore on file with the Commission. Reported production runs from March 2020 to August 2026, totalling 61,834 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 $5.7M, with roughly $781K 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 212 barrels a month. Its strongest month on the record we hold was March 2020, at 4,309 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 SECTION 235-220 ALLOC 03

Who operates SECTION 235-220 ALLOC 03?: SECTION 235-220 ALLOC 03 is operated by Sable Permian Resources, LLC, Railroad Commission of Texas operator number 742251.
Where is SECTION 235-220 ALLOC 03?: SECTION 235-220 ALLOC 03 is a Texas oil lease in Reagan County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 20769.
Is SECTION 235-220 ALLOC 03 still producing?: SECTION 235-220 ALLOC 03 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SECTION 235-220 ALLOC 03 is August 2026.
How much has SECTION 235-220 ALLOC 03 produced?: SECTION 235-220 ALLOC 03 has reported 61,834 barrels of oil (bbl) to the Railroad Commission of Texas between March 2020 and August 2026, from 1 wellbore.
How much is SECTION 235-220 ALLOC 03 worth?: The remaining production from SECTION 235-220 ALLOC 03 is estimated to be worth about $5.7M in total as of 26 August 2026, within a range of $4.5M to $7.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SECTION 235-220 ALLOC 03 is a fraction of it. The estimate fits an Arps decline curve to the production SECTION 235-220 ALLOC 03 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SECTION 235-220 ALLOC 03 is an estimate of value, not an offer and not an appraisal.
How much income does SECTION 235-220 ALLOC 03 generate in a year?: SECTION 235-220 ALLOC 03 is forecast to net about $781K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SECTION 235-220 ALLOC 03 receives a fraction of that, set by the decimal interest printed on their check stub.

Lease record

SECTION 235-220 ALLOC 03 as filed with the Railroad Commission of Texas
Operator	Sable Permian Resources, LLC
Field	Spraberry (Trend Area) R 40 Exc
County	Reagan County, Texas
RRC district	7C
Lease number	20769
Wellbores	1
Reported production	61,834 bbl
First reported	March 2020
Last reported	August 2026
Estimated royalty value	$5.7M

Where SECTION 235-220 ALLOC 03 sits

Source: Railroad Commission of Texas lease production records, complete through August 2026. Figures on this page were computed on 26 August 2026.

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.