JULIE HUGHES UNIT 8-3
JULIE HUGHES UNIT 8-3 is a Texas oil lease in Reagan County, Railroad Commission district 7C, operated by Earthstone Operating, LLC. It has 4 wellbores on file with the Commission. Reported production runs from July 2019 to August 2026, totalling 951,591 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 $6.8M, with roughly $3.2M 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 4,487 barrels a month, about 1,122 per wellbore. Its strongest month on the record we hold was November 2019, at 48,818 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 JULIE HUGHES UNIT 8-3
- Who operates JULIE HUGHES UNIT 8-3?
- JULIE HUGHES UNIT 8-3 is operated by Earthstone Operating, LLC, Railroad Commission of Texas operator number 238732.
- Where is JULIE HUGHES UNIT 8-3?
- JULIE HUGHES UNIT 8-3 is a Texas oil lease in Reagan County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 20506.
- Is JULIE HUGHES UNIT 8-3 still producing?
- JULIE HUGHES UNIT 8-3 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JULIE HUGHES UNIT 8-3 is August 2026.
- How much has JULIE HUGHES UNIT 8-3 produced?
- JULIE HUGHES UNIT 8-3 has reported 951,591 barrels of oil (bbl) to the Railroad Commission of Texas between July 2019 and August 2026, from 4 wellbores.
- How much is JULIE HUGHES UNIT 8-3 worth?
- The remaining production from JULIE HUGHES UNIT 8-3 is estimated to be worth about $6.8M in total as of 27 August 2026, within a range of $5.7M to $8.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JULIE HUGHES UNIT 8-3 is a fraction of it. The estimate fits an Arps decline curve to the production JULIE HUGHES UNIT 8-3 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JULIE HUGHES UNIT 8-3 is an estimate of value, not an offer and not an appraisal.
- How much income does JULIE HUGHES UNIT 8-3 generate in a year?
- JULIE HUGHES UNIT 8-3 is forecast to net about $3.2M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in JULIE HUGHES UNIT 8-3 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Earthstone Operating, LLC |
|---|---|
| Field | Spraberry (Trend Area) R 40 Exc |
| County | Reagan County, Texas |
| RRC district | 7C |
| Lease number | 20506 |
| Wellbores | 4 |
| Reported production | 951,591 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $6.8M |
Where JULIE HUGHES UNIT 8-3 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.