HOWARD
HOWARD is a Texas oil lease in Montague County, Railroad Commission district 09, operated by R&K Oil Co. It has 5 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 26,863 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 $259K, with roughly $50K 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 68 barrels a month, about 14 per wellbore. Its strongest month on the record we hold was June 2016, at 122 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
- Who operates HOWARD?
- HOWARD is operated by R&K Oil Co., Railroad Commission of Texas operator number 687687.
- Where is HOWARD?
- HOWARD is a Texas oil lease in Montague County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 09738.
- Is HOWARD still producing?
- HOWARD is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HOWARD is August 2026.
- How much has HOWARD produced?
- HOWARD has reported 26,863 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 5 wellbores.
- How much is HOWARD worth?
- The remaining production from HOWARD is estimated to be worth about $259K in total as of 26 August 2026, within a range of $142K to $375K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HOWARD is a fraction of it. The estimate fits an Arps decline curve to the production HOWARD has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HOWARD is an estimate of value, not an offer and not an appraisal.
- How much income does HOWARD generate in a year?
- HOWARD is forecast to net about $50K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HOWARD receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | R&K Oil Co. |
|---|---|
| Field | Montague County Regular |
| County | Montague County, Texas |
| RRC district | 09 |
| Lease number | 09738 |
| Wellbores | 5 |
| Reported production | 26,863 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $259K |
Where HOWARD 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.