HOOVER, LAURA ESTATE "7B"
HOOVER, LAURA ESTATE "7B" 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 March 2001 to August 2026, totalling 267,722 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 $38K, with roughly $6K 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 243 thousand cubic feet a month. Its strongest month on the record we hold was October 2024, at 406 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, LAURA ESTATE "7B"
- Who operates HOOVER, LAURA ESTATE "7B"?
- HOOVER, LAURA ESTATE "7B" is operated by Rme Petroleum Company, Railroad Commission of Texas operator number 714229.
- Where is HOOVER, LAURA ESTATE "7B"?
- HOOVER, LAURA ESTATE "7B" is a Texas gas lease in Crockett County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 182503.
- Is HOOVER, LAURA ESTATE "7B" still producing?
- HOOVER, LAURA ESTATE "7B" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HOOVER, LAURA ESTATE "7B" is August 2026.
- How much has HOOVER, LAURA ESTATE "7B" produced?
- HOOVER, LAURA ESTATE "7B" has reported 267,722 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 2001 and August 2026, from 1 wellbore.
- How much is HOOVER, LAURA ESTATE "7B" worth?
- The remaining production from HOOVER, LAURA ESTATE "7B" is estimated to be worth about $38K in total as of 26 August 2026, within a range of $30K to $46K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HOOVER, LAURA ESTATE "7B" is a fraction of it. The estimate fits an Arps decline curve to the production HOOVER, LAURA ESTATE "7B" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HOOVER, LAURA ESTATE "7B" is an estimate of value, not an offer and not an appraisal.
- How much income does HOOVER, LAURA ESTATE "7B" generate in a year?
- HOOVER, LAURA ESTATE "7B" is forecast to net about $6K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HOOVER, LAURA ESTATE "7B" 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 | 182503 |
| Wellbores | 1 |
| Reported production | 267,722 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $38K |
Where HOOVER, LAURA ESTATE "7B" 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.