HOBBS, C. W. -B- NCT-2

HOBBS, C. W. -B- NCT-2 is a Texas oil lease in Crane County, Railroad Commission district 08, operated by Texaco E & P Inc. It has 15 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 235,345 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 $160K, with roughly $31K 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 50 barrels a month, about 3 per wellbore. Its strongest month on the record we hold was June 2016, at 349 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 HOBBS, C. W. -B- NCT-2

Who operates HOBBS, C. W. -B- NCT-2?: HOBBS, C. W. -B- NCT-2 is operated by Texaco E & P Inc., Railroad Commission of Texas operator number 844118.
Where is HOBBS, C. W. -B- NCT-2?: HOBBS, C. W. -B- NCT-2 is a Texas oil lease in Crane County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 00996.
Is HOBBS, C. W. -B- NCT-2 still producing?: HOBBS, C. W. -B- NCT-2 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HOBBS, C. W. -B- NCT-2 is August 2026.
How much has HOBBS, C. W. -B- NCT-2 produced?: HOBBS, C. W. -B- NCT-2 has reported 235,345 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 15 wellbores.
How much is HOBBS, C. W. -B- NCT-2 worth?: The remaining production from HOBBS, C. W. -B- NCT-2 is estimated to be worth about $160K in total as of 27 August 2026, within a range of $88K to $232K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HOBBS, C. W. -B- NCT-2 is a fraction of it. The estimate fits an Arps decline curve to the production HOBBS, C. W. -B- NCT-2 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HOBBS, C. W. -B- NCT-2 is an estimate of value, not an offer and not an appraisal.
How much income does HOBBS, C. W. -B- NCT-2 generate in a year?: HOBBS, C. W. -B- NCT-2 is forecast to net about $31K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in HOBBS, C. W. -B- NCT-2 receives a fraction of that, set by the decimal interest printed on their check stub.

Lease record

HOBBS, C. W. -B- NCT-2 as filed with the Railroad Commission of Texas
Operator	Texaco E & P Inc.
Field	Crossett (3000 Clear Fork)
County	Crane County, Texas
RRC district	08
Lease number	00996
Wellbores	15
Reported production	235,345 bbl
First reported	January 1993
Last reported	August 2026
Estimated royalty value	$160K

Where HOBBS, C. W. -B- NCT-2 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.