LAKE SAND UNIT
LAKE SAND UNIT is a Texas oil lease in Stephens County, Railroad Commission district 7B, operated by Ray Herring Estate. It has 7 wellbores on file with the Commission. Reported production runs from September 2015 to August 2026, totalling 4,420 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 $124K, with roughly $23K 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 20 barrels a month, about 3 per wellbore. Its strongest month on the record we hold was August 2022, at 133 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 LAKE SAND UNIT
- Who operates LAKE SAND UNIT?
- LAKE SAND UNIT is operated by Ray Herring Estate, Railroad Commission of Texas operator number 695237.
- Where is LAKE SAND UNIT?
- LAKE SAND UNIT is a Texas oil lease in Stephens County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 31880.
- Is LAKE SAND UNIT still producing?
- LAKE SAND UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LAKE SAND UNIT is August 2026.
- How much has LAKE SAND UNIT produced?
- LAKE SAND UNIT has reported 4,420 barrels of oil (bbl) to the Railroad Commission of Texas between September 2015 and August 2026, from 7 wellbores.
- How much is LAKE SAND UNIT worth?
- The remaining production from LAKE SAND UNIT is estimated to be worth about $124K in total as of 26 August 2026, within a range of $68K to $179K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LAKE SAND UNIT is a fraction of it. The estimate fits an Arps decline curve to the production LAKE SAND UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LAKE SAND UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does LAKE SAND UNIT generate in a year?
- LAKE SAND UNIT is forecast to net about $23K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LAKE SAND UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ray Herring Estate |
|---|---|
| Field | Stephens County Regular |
| County | Stephens County, Texas |
| RRC district | 7B |
| Lease number | 31880 |
| Wellbores | 7 |
| Reported production | 4,420 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $124K |
Where LAKE SAND UNIT 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.