SNELSON 1
SNELSON 1 is a Texas oil lease in Runnels County, Railroad Commission district 7B, operated by Pioneer Energy Corporation. It has 2 wellbores on file with the Commission. Reported production runs from July 1998 to August 2026, totalling 17,893 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 $31K, with roughly $5K 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 6 barrels a month, about 3 per wellbore. Its strongest month on the record we hold was March 2018, at 145 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 SNELSON 1
- Who operates SNELSON 1?
- SNELSON 1 is operated by Pioneer Energy Corporation, Railroad Commission of Texas operator number 665745.
- Where is SNELSON 1?
- SNELSON 1 is a Texas oil lease in Runnels County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 28499.
- Is SNELSON 1 still producing?
- SNELSON 1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SNELSON 1 is August 2026.
- How much has SNELSON 1 produced?
- SNELSON 1 has reported 17,893 barrels of oil (bbl) to the Railroad Commission of Texas between July 1998 and August 2026, from 2 wellbores.
- How much is SNELSON 1 worth?
- The remaining production from SNELSON 1 is estimated to be worth about $31K in total as of 26 August 2026, within a range of $0 to $63K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SNELSON 1 is a fraction of it. The estimate fits an Arps decline curve to the production SNELSON 1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SNELSON 1 is an estimate of value, not an offer and not an appraisal.
- How much income does SNELSON 1 generate in a year?
- SNELSON 1 is forecast to net about $5K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SNELSON 1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pioneer Energy Corporation |
|---|---|
| Field | Burt-Ogden-Mabee |
| County | Runnels County, Texas |
| RRC district | 7B |
| Lease number | 28499 |
| Wellbores | 2 |
| Reported production | 17,893 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $31K |
Where SNELSON 1 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.