NEW HOPE UNIT
NEW HOPE UNIT is a Texas oil lease in Franklin County, Railroad Commission district 06, operated by Texaco E & P Inc. It has 40 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 1,593,122 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 $5.5M, with roughly $1.3M 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 1,898 barrels a month, about 47 per wellbore. Its strongest month on the record we hold was January 2017, at 3,546 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 NEW HOPE UNIT
- Who operates NEW HOPE UNIT?
- NEW HOPE UNIT is operated by Texaco E & P Inc., Railroad Commission of Texas operator number 844118.
- Where is NEW HOPE UNIT?
- NEW HOPE UNIT is a Texas oil lease in Franklin County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 01120.
- Is NEW HOPE UNIT still producing?
- NEW HOPE UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NEW HOPE UNIT is August 2026.
- How much has NEW HOPE UNIT produced?
- NEW HOPE UNIT has reported 1,593,122 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 40 wellbores.
- How much is NEW HOPE UNIT worth?
- The remaining production from NEW HOPE UNIT is estimated to be worth about $5.5M in total as of 26 August 2026, within a range of $4.6M to $6.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NEW HOPE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production NEW HOPE UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NEW HOPE UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does NEW HOPE UNIT generate in a year?
- NEW HOPE UNIT is forecast to net about $1.3M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NEW HOPE UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Texaco E & P Inc. |
|---|---|
| Field | New Hope |
| County | Franklin County, Texas |
| RRC district | 06 |
| Lease number | 01120 |
| Wellbores | 40 |
| Reported production | 1,593,122 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $5.5M |
Where NEW HOPE 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.