HAPGOOD
HAPGOOD is a Texas oil lease in Clay County, Railroad Commission district 09, operated by Parnell Operating. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 21,923 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 $191K, with roughly $37K 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 46 barrels a month. Its strongest month on the record we hold was July 2017, at 95 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 HAPGOOD
- Who operates HAPGOOD?
- HAPGOOD is operated by Parnell Operating, Railroad Commission of Texas operator number 641833.
- Where is HAPGOOD?
- HAPGOOD is a Texas oil lease in Clay County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 13248.
- Is HAPGOOD still producing?
- HAPGOOD is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HAPGOOD is August 2026.
- How much has HAPGOOD produced?
- HAPGOOD has reported 21,923 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is HAPGOOD worth?
- The remaining production from HAPGOOD is estimated to be worth about $191K in total as of 26 August 2026, within a range of $105K to $277K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HAPGOOD is a fraction of it. The estimate fits an Arps decline curve to the production HAPGOOD has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HAPGOOD is an estimate of value, not an offer and not an appraisal.
- How much income does HAPGOOD generate in a year?
- HAPGOOD is forecast to net about $37K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HAPGOOD receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Parnell Operating |
|---|---|
| Field | Hapgood (Caddo) |
| County | Clay County, Texas |
| RRC district | 09 |
| Lease number | 13248 |
| Wellbores | 1 |
| Reported production | 21,923 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $191K |
Where HAPGOOD 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.