HEATH
HEATH is a Texas oil lease in Montague County, Railroad Commission district 09, operated by Trey Exploration, Inc. It has 6 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 36,544 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 $279K, with roughly $49K 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 54 barrels a month, about 9 per wellbore. Its strongest month on the record we hold was April 2024, at 203 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 HEATH
- Who operates HEATH?
- HEATH is operated by Trey Exploration, Inc., Railroad Commission of Texas operator number 868425.
- Where is HEATH?
- HEATH is a Texas oil lease in Montague County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 13756.
- Is HEATH still producing?
- HEATH is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HEATH is August 2026.
- How much has HEATH produced?
- HEATH has reported 36,544 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 6 wellbores.
- How much is HEATH worth?
- The remaining production from HEATH is estimated to be worth about $279K in total as of 26 August 2026, within a range of $154K to $405K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HEATH is a fraction of it. The estimate fits an Arps decline curve to the production HEATH has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HEATH is an estimate of value, not an offer and not an appraisal.
- How much income does HEATH generate in a year?
- HEATH is forecast to net about $49K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HEATH receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Trey Exploration, Inc. |
|---|---|
| Field | Montague County Regular |
| County | Montague County, Texas |
| RRC district | 09 |
| Lease number | 13756 |
| Wellbores | 6 |
| Reported production | 36,544 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $279K |
Where HEATH 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.