HOBBS
HOBBS is a Texas oil lease in Garza County, Railroad Commission district 8A, operated by Shenandoah Petroleum Corporation. It has 3 wellbores on file with the Commission. Reported production runs from January 2007 to August 2026, totalling 27,981 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 $163K, with roughly $31K 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 42 barrels a month, about 14 per wellbore. Its strongest month on the record we hold was December 2017, at 194 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 HOBBS
- Who operates HOBBS?
- HOBBS is operated by Shenandoah Petroleum Corporation, Railroad Commission of Texas operator number 775563.
- Where is HOBBS?
- HOBBS is a Texas oil lease in Garza County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 69042.
- Is HOBBS still producing?
- HOBBS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HOBBS is August 2026.
- How much has HOBBS produced?
- HOBBS has reported 27,981 barrels of oil (bbl) to the Railroad Commission of Texas between January 2007 and August 2026, from 3 wellbores.
- How much is HOBBS worth?
- The remaining production from HOBBS is estimated to be worth about $163K in total as of 26 August 2026, within a range of $89K to $236K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HOBBS is a fraction of it. The estimate fits an Arps decline curve to the production HOBBS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HOBBS is an estimate of value, not an offer and not an appraisal.
- How much income does HOBBS generate in a year?
- HOBBS is forecast to net about $31K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HOBBS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Shenandoah Petroleum Corporation |
|---|---|
| Field | Suniland |
| County | Garza County, Texas |
| RRC district | 8A |
| Lease number | 69042 |
| Wellbores | 3 |
| Reported production | 27,981 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $163K |
Where HOBBS 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.