HUGGINS #1
HUGGINS #1 is a Texas gas lease in Upshur County, Railroad Commission district 06, operated by Marathon Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 713,953 thousand cubic feet. 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 $274K, with roughly $51K 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 147 thousand cubic feet a month. Its strongest month on the record we hold was November 2025, at 287 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 22% 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 HUGGINS #1
- Who operates HUGGINS #1?
- HUGGINS #1 is operated by Marathon Oil Company, Railroad Commission of Texas operator number 525380.
- Where is HUGGINS #1?
- HUGGINS #1 is a Texas gas lease in Upshur County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 114388.
- Is HUGGINS #1 still producing?
- HUGGINS #1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HUGGINS #1 is August 2026.
- How much has HUGGINS #1 produced?
- HUGGINS #1 has reported 713,953 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is HUGGINS #1 worth?
- The remaining production from HUGGINS #1 is estimated to be worth about $274K in total as of 27 August 2026, within a range of $214K to $335K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HUGGINS #1 is a fraction of it. The estimate fits an Arps decline curve to the production HUGGINS #1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HUGGINS #1 is an estimate of value, not an offer and not an appraisal.
- How much income does HUGGINS #1 generate in a year?
- HUGGINS #1 is forecast to net about $51K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in HUGGINS #1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Marathon Oil Company |
|---|---|
| Field | Cherokee Trace (Jur. Bradshaw) |
| County | Upshur County, Texas |
| RRC district | 06 |
| Lease number | 114388 |
| Wellbores | 1 |
| Reported production | 713,953 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $274K |
Where HUGGINS #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.