STARNES & REED
STARNES & REED is a Texas oil lease in Cochran County, Railroad Commission district 8A, operated by Hamman Oil & Refining Company. It has 5 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 69,170 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 $708K, with roughly $136K 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 174 barrels a month, about 35 per wellbore. Its strongest month on the record we hold was June 2024, at 472 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 STARNES & REED
- Who operates STARNES & REED?
- STARNES & REED is operated by Hamman Oil & Refining Company, Railroad Commission of Texas operator number 350200.
- Where is STARNES & REED?
- STARNES & REED is a Texas oil lease in Cochran County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 03745.
- Is STARNES & REED still producing?
- STARNES & REED is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STARNES & REED is August 2026.
- How much has STARNES & REED produced?
- STARNES & REED has reported 69,170 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 5 wellbores.
- How much is STARNES & REED worth?
- The remaining production from STARNES & REED is estimated to be worth about $708K in total as of 27 August 2026, within a range of $552K to $864K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STARNES & REED is a fraction of it. The estimate fits an Arps decline curve to the production STARNES & REED has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STARNES & REED is an estimate of value, not an offer and not an appraisal.
- How much income does STARNES & REED generate in a year?
- STARNES & REED is forecast to net about $136K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in STARNES & REED receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Hamman Oil & Refining Company |
|---|---|
| Field | Levelland |
| County | Cochran County, Texas |
| RRC district | 8A |
| Lease number | 03745 |
| Wellbores | 5 |
| Reported production | 69,170 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $708K |
Where STARNES & REED 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.