HULL 16
HULL 16 is a Texas oil lease in Borden County, Railroad Commission district 8A, operated by Pie Operating, LLC. It has 1 wellbore on file with the Commission. Reported production runs from September 2018 to August 2026, totalling 11,614 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 $456K, with roughly $88K 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 113 barrels a month. Its strongest month on the record we hold was May 2022, at 239 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 HULL 16
- Who operates HULL 16?
- HULL 16 is operated by Pie Operating, LLC, Railroad Commission of Texas operator number 664887.
- Where is HULL 16?
- HULL 16 is a Texas oil lease in Borden County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 70986.
- Is HULL 16 still producing?
- HULL 16 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HULL 16 is August 2026.
- How much has HULL 16 produced?
- HULL 16 has reported 11,614 barrels of oil (bbl) to the Railroad Commission of Texas between September 2018 and August 2026, from 1 wellbore.
- How much is HULL 16 worth?
- The remaining production from HULL 16 is estimated to be worth about $456K in total as of 27 August 2026, within a range of $356K to $556K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HULL 16 is a fraction of it. The estimate fits an Arps decline curve to the production HULL 16 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HULL 16 is an estimate of value, not an offer and not an appraisal.
- How much income does HULL 16 generate in a year?
- HULL 16 is forecast to net about $88K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in HULL 16 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pie Operating, LLC |
|---|---|
| Field | Apclark (Spraberry, Lower) |
| County | Borden County, Texas |
| RRC district | 8A |
| Lease number | 70986 |
| Wellbores | 1 |
| Reported production | 11,614 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $456K |
Where HULL 16 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.