SAMS "B"
SAMS "B" is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Pitts Energy Co. It has 2 wellbores on file with the Commission. Reported production runs from February 2020 to August 2026, totalling 6,818 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 $247K, with roughly $44K 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 53 barrels a month, about 26 per wellbore. Its strongest month on the record we hold was January 2024, at 186 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 SAMS "B"
- Who operates SAMS "B"?
- SAMS "B" is operated by Pitts Energy Co., Railroad Commission of Texas operator number 666430.
- Where is SAMS "B"?
- SAMS "B" is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 53578.
- Is SAMS "B" still producing?
- SAMS "B" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SAMS "B" is August 2026.
- How much has SAMS "B" produced?
- SAMS "B" has reported 6,818 barrels of oil (bbl) to the Railroad Commission of Texas between February 2020 and August 2026, from 2 wellbores.
- How much is SAMS "B" worth?
- The remaining production from SAMS "B" is estimated to be worth about $247K in total as of 26 August 2026, within a range of $136K to $358K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SAMS "B" is a fraction of it. The estimate fits an Arps decline curve to the production SAMS "B" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SAMS "B" is an estimate of value, not an offer and not an appraisal.
- How much income does SAMS "B" generate in a year?
- SAMS "B" is forecast to net about $44K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SAMS "B" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pitts Energy Co. |
|---|---|
| Field | Collie (Delaware) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 53578 |
| Wellbores | 2 |
| Reported production | 6,818 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $247K |
Where SAMS "B" 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.