OLD HICKORY STATE
OLD HICKORY STATE is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Cog Operating LLC. It has 2 wellbores on file with the Commission. Reported production runs from February 2014 to August 2026, totalling 1,025,348 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 $10.1M, with roughly $2.2M 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 3,432 barrels a month, about 1,716 per wellbore. Its strongest month on the record we hold was July 2016, at 13,218 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 OLD HICKORY STATE
- Who operates OLD HICKORY STATE?
- OLD HICKORY STATE is operated by Cog Operating LLC, Railroad Commission of Texas operator number 166150.
- Where is OLD HICKORY STATE?
- OLD HICKORY STATE is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 45421.
- Is OLD HICKORY STATE still producing?
- OLD HICKORY STATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for OLD HICKORY STATE is August 2026.
- How much has OLD HICKORY STATE produced?
- OLD HICKORY STATE has reported 1,025,348 barrels of oil (bbl) to the Railroad Commission of Texas between February 2014 and August 2026, from 2 wellbores.
- How much is OLD HICKORY STATE worth?
- The remaining production from OLD HICKORY STATE is estimated to be worth about $10.1M in total as of 27 August 2026, within a range of $8.4M to $11.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in OLD HICKORY STATE is a fraction of it. The estimate fits an Arps decline curve to the production OLD HICKORY STATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for OLD HICKORY STATE is an estimate of value, not an offer and not an appraisal.
- How much income does OLD HICKORY STATE generate in a year?
- OLD HICKORY STATE is forecast to net about $2.2M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in OLD HICKORY STATE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cog Operating LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 45421 |
| Wellbores | 2 |
| Reported production | 1,025,348 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $10.1M |
Where OLD HICKORY STATE 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.