MR. HOBBS 11-14-23
MR. HOBBS 11-14-23 is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Bayswater Operating Company LLC. It has 1 wellbore on file with the Commission. Reported production runs from May 2021 to August 2026, totalling 219,527 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 $6.6M, with roughly $1.4M 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 1,995 barrels a month. Its strongest month on the record we hold was March 2022, at 12,758 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 MR. HOBBS 11-14-23
- Who operates MR. HOBBS 11-14-23?
- MR. HOBBS 11-14-23 is operated by Bayswater Operating Company LLC, Railroad Commission of Texas operator number 058827.
- Where is MR. HOBBS 11-14-23?
- MR. HOBBS 11-14-23 is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 56363.
- Is MR. HOBBS 11-14-23 still producing?
- MR. HOBBS 11-14-23 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MR. HOBBS 11-14-23 is August 2026.
- How much has MR. HOBBS 11-14-23 produced?
- MR. HOBBS 11-14-23 has reported 219,527 barrels of oil (bbl) to the Railroad Commission of Texas between May 2021 and August 2026, from 1 wellbore.
- How much is MR. HOBBS 11-14-23 worth?
- The remaining production from MR. HOBBS 11-14-23 is estimated to be worth about $6.6M in total as of 27 August 2026, within a range of $5.5M to $7.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MR. HOBBS 11-14-23 is a fraction of it. The estimate fits an Arps decline curve to the production MR. HOBBS 11-14-23 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MR. HOBBS 11-14-23 is an estimate of value, not an offer and not an appraisal.
- How much income does MR. HOBBS 11-14-23 generate in a year?
- MR. HOBBS 11-14-23 is forecast to net about $1.4M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MR. HOBBS 11-14-23 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Bayswater Operating Company LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 56363 |
| Wellbores | 1 |
| Reported production | 219,527 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $6.6M |
Where MR. HOBBS 11-14-23 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.