HOWARD FEE
HOWARD FEE is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Texas Reexploration Operating LC. It has 1 wellbore on file with the Commission. Reported production runs from April 2008 to August 2026, totalling 8,833 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 $94K, with roughly $18K 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 22 barrels a month. Its strongest month on the record we hold was October 2016, at 117 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 HOWARD FEE
- Who operates HOWARD FEE?
- HOWARD FEE is operated by Texas Reexploration Operating LC, Railroad Commission of Texas operator number 847944.
- Where is HOWARD FEE?
- HOWARD FEE is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 38918.
- Is HOWARD FEE still producing?
- HOWARD FEE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HOWARD FEE is August 2026.
- How much has HOWARD FEE produced?
- HOWARD FEE has reported 8,833 barrels of oil (bbl) to the Railroad Commission of Texas between April 2008 and August 2026, from 1 wellbore.
- How much is HOWARD FEE worth?
- The remaining production from HOWARD FEE is estimated to be worth about $94K in total as of 26 August 2026, within a range of $52K to $136K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HOWARD FEE is a fraction of it. The estimate fits an Arps decline curve to the production HOWARD FEE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HOWARD FEE is an estimate of value, not an offer and not an appraisal.
- How much income does HOWARD FEE generate in a year?
- HOWARD FEE is forecast to net about $18K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HOWARD FEE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Texas Reexploration Operating LC |
|---|---|
| Field | Coahoma (Wolfcamp) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 38918 |
| Wellbores | 1 |
| Reported production | 8,833 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $94K |
Where HOWARD FEE 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.