SANDY REXENE (SA) R

SANDY REXENE (SA) R is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by SM Energy Company. It has 2 wellbores on file with the Commission. Reported production runs from February 2019 to August 2026, totalling 508,108 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 $9.0M, with roughly $2.0M 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 3,329 barrels a month, about 1,665 per wellbore. Its strongest month on the record we hold was March 2019, at 30,660 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 SANDY REXENE (SA) R

Who operates SANDY REXENE (SA) R?: SANDY REXENE (SA) R is operated by SM Energy Company, Railroad Commission of Texas operator number 788997.
Where is SANDY REXENE (SA) R?: SANDY REXENE (SA) R is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 20262.
Is SANDY REXENE (SA) R still producing?: SANDY REXENE (SA) R is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SANDY REXENE (SA) R is August 2026.
How much has SANDY REXENE (SA) R produced?: SANDY REXENE (SA) R has reported 508,108 barrels of oil (bbl) to the Railroad Commission of Texas between February 2019 and August 2026, from 2 wellbores.
How much is SANDY REXENE (SA) R worth?: The remaining production from SANDY REXENE (SA) R is estimated to be worth about $9.0M in total as of 27 August 2026, within a range of $7.5M to $10.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SANDY REXENE (SA) R is a fraction of it. The estimate fits an Arps decline curve to the production SANDY REXENE (SA) R has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SANDY REXENE (SA) R is an estimate of value, not an offer and not an appraisal.
How much income does SANDY REXENE (SA) R generate in a year?: SANDY REXENE (SA) R is forecast to net about $2.0M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SANDY REXENE (SA) R receives a fraction of that, set by the decimal interest printed on their check stub.

Lease record

SANDY REXENE (SA) R as filed with the Railroad Commission of Texas
Operator	SM Energy Company
Field	Spraberry (Trend Area)
County	Upton County, Texas
RRC district	7C
Lease number	20262
Wellbores	2
Reported production	508,108 bbl
First reported	February 2019
Last reported	August 2026
Estimated royalty value	$9.0M

Where SANDY REXENE (SA) R sits

Source: Railroad Commission of Texas lease production records, complete through August 2026. Figures on this page were computed on 27 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.