GARVEY, J. R. -B-

GARVEY, J. R. -B- is a Texas oil lease in Archer County, Railroad Commission district 09, operated by Hoggard, Kenneth. It has 15 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 13,782 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 $72K, with roughly $14K 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 35 barrels a month, about 2 per wellbore. Its strongest month on the record we hold was March 2017, at 112 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 GARVEY, J. R. -B-

Who operates GARVEY, J. R. -B-?: GARVEY, J. R. -B- is operated by Hoggard, Kenneth, Railroad Commission of Texas operator number 391420.
Where is GARVEY, J. R. -B-?: GARVEY, J. R. -B- is a Texas oil lease in Archer County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 00453.
Is GARVEY, J. R. -B- still producing?: GARVEY, J. R. -B- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GARVEY, J. R. -B- is August 2026.
How much has GARVEY, J. R. -B- produced?: GARVEY, J. R. -B- has reported 13,782 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 15 wellbores.
How much is GARVEY, J. R. -B- worth?: The remaining production from GARVEY, J. R. -B- is estimated to be worth about $72K in total as of 27 August 2026, within a range of $40K to $104K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GARVEY, J. R. -B- is a fraction of it. The estimate fits an Arps decline curve to the production GARVEY, J. R. -B- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GARVEY, J. R. -B- is an estimate of value, not an offer and not an appraisal.
How much income does GARVEY, J. R. -B- generate in a year?: GARVEY, J. R. -B- is forecast to net about $14K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GARVEY, J. R. -B- receives a fraction of that, set by the decimal interest printed on their check stub.

Lease record

GARVEY, J. R. -B- as filed with the Railroad Commission of Texas
Operator	Hoggard, Kenneth
Field	Archer County Regular
County	Archer County, Texas
RRC district	09
Lease number	00453
Wellbores	15
Reported production	13,782 bbl
First reported	January 1993
Last reported	August 2026
Estimated royalty value	$72K

Where GARVEY, J. R. -B- sits

Source: Railroad Commission of Texas lease production records, complete through August 2026. Figures on this page were computed on 27 August 2026.

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.