UNDERWOOD WEST 33-LS
UNDERWOOD WEST 33-LS is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Hog Operating LLC. It has 1 wellbore on file with the Commission. Reported production runs from August 2022 to August 2026, totalling 205,534 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 $2.5M, with roughly $1.2M 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 2,382 barrels a month. Its strongest month on the record we hold was August 2023, at 11,052 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 UNDERWOOD WEST 33-LS
- Who operates UNDERWOOD WEST 33-LS?
- UNDERWOOD WEST 33-LS is operated by Hog Operating LLC, Railroad Commission of Texas operator number 100155.
- Where is UNDERWOOD WEST 33-LS?
- UNDERWOOD WEST 33-LS is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 57818.
- Is UNDERWOOD WEST 33-LS still producing?
- UNDERWOOD WEST 33-LS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for UNDERWOOD WEST 33-LS is August 2026.
- How much has UNDERWOOD WEST 33-LS produced?
- UNDERWOOD WEST 33-LS has reported 205,534 barrels of oil (bbl) to the Railroad Commission of Texas between August 2022 and August 2026, from 1 wellbore.
- How much is UNDERWOOD WEST 33-LS worth?
- The remaining production from UNDERWOOD WEST 33-LS is estimated to be worth about $2.5M in total as of 27 August 2026, within a range of $2.0M to $2.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in UNDERWOOD WEST 33-LS is a fraction of it. The estimate fits an Arps decline curve to the production UNDERWOOD WEST 33-LS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for UNDERWOOD WEST 33-LS is an estimate of value, not an offer and not an appraisal.
- How much income does UNDERWOOD WEST 33-LS generate in a year?
- UNDERWOOD WEST 33-LS is forecast to net about $1.2M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in UNDERWOOD WEST 33-LS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Hog Operating LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 57818 |
| Wellbores | 1 |
| Reported production | 205,534 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.5M |
Where UNDERWOOD WEST 33-LS 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.