HOOVER 216
HOOVER 216 is a Texas oil lease in Ochiltree County, Railroad Commission district 10, operated by Apache Corporation. It has 4 wellbores on file with the Commission. Reported production runs from June 2013 to August 2026, totalling 513,333 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 $565K, with roughly $93K 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 91 barrels a month, about 23 per wellbore. Its strongest month on the record we hold was May 2016, at 2,687 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 HOOVER 216
- Who operates HOOVER 216?
- HOOVER 216 is operated by Apache Corporation, Railroad Commission of Texas operator number 027200.
- Where is HOOVER 216?
- HOOVER 216 is a Texas oil lease in Ochiltree County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 08909.
- Is HOOVER 216 still producing?
- HOOVER 216 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HOOVER 216 is August 2026.
- How much has HOOVER 216 produced?
- HOOVER 216 has reported 513,333 barrels of oil (bbl) to the Railroad Commission of Texas between June 2013 and August 2026, from 4 wellbores.
- How much is HOOVER 216 worth?
- The remaining production from HOOVER 216 is estimated to be worth about $565K in total as of 26 August 2026, within a range of $311K to $819K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HOOVER 216 is a fraction of it. The estimate fits an Arps decline curve to the production HOOVER 216 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HOOVER 216 is an estimate of value, not an offer and not an appraisal.
- How much income does HOOVER 216 generate in a year?
- HOOVER 216 is forecast to net about $93K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HOOVER 216 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Apache Corporation |
|---|---|
| Field | Pan Petro (Cleveland) |
| County | Ochiltree County, Texas |
| RRC district | 10 |
| Lease number | 08909 |
| Wellbores | 4 |
| Reported production | 513,333 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $565K |
Where HOOVER 216 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.