HALE 209

HALE 209 is a Texas oil lease in Ochiltree County, Railroad Commission district 10, operated by Apache Corporation. It has 2 wellbores on file with the Commission. Reported production runs from June 2014 to August 2026, totalling 228,807 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values a standard royalty share at about $21K, with roughly $4K expected over the next twelve months. Over the last twelve months on file it averaged 173 barrels a month, about 87 per wellbore. Its strongest month on the record we hold was May 2016, at 2,482 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.

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.