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 17 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 1,081,030 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values a standard royalty share at about $155K, with roughly $34K expected over the next twelve months.
| Operator | Texaco E & P Inc. |
|---|---|
| Field | New Hope (Elledge) |
| County | Franklin County, Texas |
| RRC district | 06 |
| Lease number | 05897 |
| Wellbores | 17 |
| Reported production | 1,081,030 bbl |
| First reported | January 1993 |
| Last reported | August 2026 |
| Estimated royalty value | $155K |
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.