HUBBARD 3
HUBBARD 3 is a Texas oil lease in Borden County, Railroad Commission district 8A, operated by Raw Oil & Gas, Inc. It has 3 wellbores on file with the Commission. Reported production runs from July 2012 to August 2026, totalling 130,365 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 $357K, with roughly $69K 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 95 barrels a month, about 32 per wellbore. Its strongest month on the record we hold was July 2016, at 680 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 HUBBARD 3
- Who operates HUBBARD 3?
- HUBBARD 3 is operated by Raw Oil & Gas, Inc., Railroad Commission of Texas operator number 694863.
- Where is HUBBARD 3?
- HUBBARD 3 is a Texas oil lease in Borden County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 69931.
- Is HUBBARD 3 still producing?
- HUBBARD 3 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HUBBARD 3 is August 2026.
- How much has HUBBARD 3 produced?
- HUBBARD 3 has reported 130,365 barrels of oil (bbl) to the Railroad Commission of Texas between July 2012 and August 2026, from 3 wellbores.
- How much is HUBBARD 3 worth?
- The remaining production from HUBBARD 3 is estimated to be worth about $357K in total as of 27 August 2026, within a range of $196K to $517K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HUBBARD 3 is a fraction of it. The estimate fits an Arps decline curve to the production HUBBARD 3 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HUBBARD 3 is an estimate of value, not an offer and not an appraisal.
- How much income does HUBBARD 3 generate in a year?
- HUBBARD 3 is forecast to net about $69K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in HUBBARD 3 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Raw Oil & Gas, Inc. |
|---|---|
| Field | Luck-Pot (Fusselman) |
| County | Borden County, Texas |
| RRC district | 8A |
| Lease number | 69931 |
| Wellbores | 3 |
| Reported production | 130,365 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $357K |
Where HUBBARD 3 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.