HERNDON 'B' 490
HERNDON 'B' 490 is a Texas oil lease in Ochiltree County, Railroad Commission district 10, operated by Midstates Petroleum Company LLC. It has 1 wellbore on file with the Commission. Reported production runs from January 2013 to August 2026, totalling 22,690 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 $313K, with roughly $57K 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 102 barrels a month. Its strongest month on the record we hold was July 2025, at 446 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 HERNDON 'B' 490
- Who operates HERNDON 'B' 490?
- HERNDON 'B' 490 is operated by Midstates Petroleum Company LLC, Railroad Commission of Texas operator number 566302.
- Where is HERNDON 'B' 490?
- HERNDON 'B' 490 is a Texas oil lease in Ochiltree County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 09034.
- Is HERNDON 'B' 490 still producing?
- HERNDON 'B' 490 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HERNDON 'B' 490 is August 2026.
- How much has HERNDON 'B' 490 produced?
- HERNDON 'B' 490 has reported 22,690 barrels of oil (bbl) to the Railroad Commission of Texas between January 2013 and August 2026, from 1 wellbore.
- How much is HERNDON 'B' 490 worth?
- The remaining production from HERNDON 'B' 490 is estimated to be worth about $313K in total as of 26 August 2026, within a range of $244K to $382K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HERNDON 'B' 490 is a fraction of it. The estimate fits an Arps decline curve to the production HERNDON 'B' 490 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HERNDON 'B' 490 is an estimate of value, not an offer and not an appraisal.
- How much income does HERNDON 'B' 490 generate in a year?
- HERNDON 'B' 490 is forecast to net about $57K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HERNDON 'B' 490 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Midstates Petroleum Company LLC |
|---|---|
| Field | Pan Petro (Cleveland) |
| County | Ochiltree County, Texas |
| RRC district | 10 |
| Lease number | 09034 |
| Wellbores | 1 |
| Reported production | 22,690 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $313K |
Where HERNDON 'B' 490 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.