HEMMI 1
HEMMI 1 is a Texas oil lease in Archer County, Railroad Commission district 09, operated by Taubert & Steed. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 15,972 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 $330K, with roughly $58K 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. Its strongest month on the record we hold was January 2024, at 127 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 HEMMI 1
- Who operates HEMMI 1?
- HEMMI 1 is operated by Taubert & Steed, Railroad Commission of Texas operator number 836950.
- Where is HEMMI 1?
- HEMMI 1 is a Texas oil lease in Archer County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 27989.
- Is HEMMI 1 still producing?
- HEMMI 1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HEMMI 1 is August 2026.
- How much has HEMMI 1 produced?
- HEMMI 1 has reported 15,972 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is HEMMI 1 worth?
- The remaining production from HEMMI 1 is estimated to be worth about $330K in total as of 26 August 2026, within a range of $182K to $479K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HEMMI 1 is a fraction of it. The estimate fits an Arps decline curve to the production HEMMI 1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HEMMI 1 is an estimate of value, not an offer and not an appraisal.
- How much income does HEMMI 1 generate in a year?
- HEMMI 1 is forecast to net about $58K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HEMMI 1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Taubert & Steed |
|---|---|
| Field | Hemmi (Caddo, Lower) |
| County | Archer County, Texas |
| RRC district | 09 |
| Lease number | 27989 |
| Wellbores | 1 |
| Reported production | 15,972 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $330K |
Where HEMMI 1 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.