SAPPHIRE
SAPPHIRE is a Texas oil lease in Runnels County, Railroad Commission district 7C, operated by Sha-Jam Operating Corp. It has 1 wellbore on file with the Commission. Reported production runs from January 2014 to August 2026, totalling 63,355 barrels. The lease is shut in. 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 $1K, with roughly $253 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 2 barrels a month. Its strongest month on the record we hold was January 2017, at 1,405 barrels.
Key facts about SAPPHIRE
- Who operates SAPPHIRE?
- SAPPHIRE is operated by Sha-Jam Operating Corp., Railroad Commission of Texas operator number 767967.
- Where is SAPPHIRE?
- SAPPHIRE is a Texas oil lease in Runnels County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 18650.
- Is SAPPHIRE still producing?
- SAPPHIRE is shut in. The most recent month of production reported to the Railroad Commission of Texas for SAPPHIRE is August 2026.
- How much has SAPPHIRE produced?
- SAPPHIRE has reported 63,355 barrels of oil (bbl) to the Railroad Commission of Texas between January 2014 and August 2026, from 1 wellbore.
- How much is SAPPHIRE worth?
- The remaining production from SAPPHIRE is estimated to be worth about $1K in total as of 26 August 2026. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SAPPHIRE is a fraction of it. The estimate fits an Arps decline curve to the production SAPPHIRE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SAPPHIRE is an estimate of value, not an offer and not an appraisal.
- How much income does SAPPHIRE generate in a year?
- SAPPHIRE is forecast to net about $253 across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SAPPHIRE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Sha-Jam Operating Corp. |
|---|---|
| Field | Poe (Reef) |
| County | Runnels County, Texas |
| RRC district | 7C |
| Lease number | 18650 |
| Wellbores | 1 |
| Reported production | 63,355 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1K |
Where SAPPHIRE 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.