HOOVER
HOOVER is a Texas gas lease in Crockett County, Railroad Commission district 7C, operated by Rme Petroleum Company. It has 1 wellbore on file with the Commission. Reported production runs from December 2001 to August 2026, totalling 284,105 thousand cubic feet. 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 $72K, with roughly $11K 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 420 thousand cubic feet a month. Its strongest month on the record we hold was May 2023, at 780 thousand cubic feet. 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 HOOVER
- Who operates HOOVER?
- HOOVER is operated by Rme Petroleum Company, Railroad Commission of Texas operator number 714229.
- Where is HOOVER?
- HOOVER is a Texas gas lease in Crockett County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 188639.
- Is HOOVER still producing?
- HOOVER is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HOOVER is August 2026.
- How much has HOOVER produced?
- HOOVER has reported 284,105 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between December 2001 and August 2026, from 1 wellbore.
- How much is HOOVER worth?
- The remaining production from HOOVER is estimated to be worth about $72K in total as of 27 August 2026, within a range of $56K to $88K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HOOVER is a fraction of it. The estimate fits an Arps decline curve to the production HOOVER has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HOOVER is an estimate of value, not an offer and not an appraisal.
- How much income does HOOVER generate in a year?
- HOOVER is forecast to net about $11K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in HOOVER receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Rme Petroleum Company |
|---|---|
| Field | Ozona (Canyon Sand) |
| County | Crockett County, Texas |
| RRC district | 7C |
| Lease number | 188639 |
| Wellbores | 1 |
| Reported production | 284,105 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $72K |
Where HOOVER 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.