SARAH HAYS 12-1S STATE
SARAH HAYS 12-1S STATE is a Texas oil lease in Ward County, Railroad Commission district 08, operated by Occidental Permian Ltd. It has 1 wellbore on file with the Commission. Reported production runs from November 2018 to August 2026, totalling 317,528 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 $3.5M, with roughly $908K 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 1,281 barrels a month. Its strongest month on the record we hold was December 2018, at 15,707 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 SARAH HAYS 12-1S STATE
- Who operates SARAH HAYS 12-1S STATE?
- SARAH HAYS 12-1S STATE is operated by Occidental Permian Ltd., Railroad Commission of Texas operator number 617544.
- Where is SARAH HAYS 12-1S STATE?
- SARAH HAYS 12-1S STATE is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 51451.
- Is SARAH HAYS 12-1S STATE still producing?
- SARAH HAYS 12-1S STATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SARAH HAYS 12-1S STATE is August 2026.
- How much has SARAH HAYS 12-1S STATE produced?
- SARAH HAYS 12-1S STATE has reported 317,528 barrels of oil (bbl) to the Railroad Commission of Texas between November 2018 and August 2026, from 1 wellbore.
- How much is SARAH HAYS 12-1S STATE worth?
- The remaining production from SARAH HAYS 12-1S STATE is estimated to be worth about $3.5M in total as of 27 August 2026, within a range of $2.9M to $4.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SARAH HAYS 12-1S STATE is a fraction of it. The estimate fits an Arps decline curve to the production SARAH HAYS 12-1S STATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SARAH HAYS 12-1S STATE is an estimate of value, not an offer and not an appraisal.
- How much income does SARAH HAYS 12-1S STATE generate in a year?
- SARAH HAYS 12-1S STATE is forecast to net about $908K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SARAH HAYS 12-1S STATE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Occidental Permian Ltd. |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 51451 |
| Wellbores | 1 |
| Reported production | 317,528 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.5M |
Where SARAH HAYS 12-1S STATE 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.