HOOVER-STATE
HOOVER-STATE is a Texas gas lease in Crockett County, Railroad Commission district 7C, operated by Amax Oil & Gas Inc. It has 1 wellbore on file with the Commission. Reported production runs from September 1993 to August 2026, totalling 468,916 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 $36K, with roughly $5K 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 171 thousand cubic feet a month. Its strongest month on the record we hold was September 2021, at 536 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-STATE
- Who operates HOOVER-STATE?
- HOOVER-STATE is operated by Amax Oil & Gas Inc., Railroad Commission of Texas operator number 016859.
- Where is HOOVER-STATE?
- HOOVER-STATE is a Texas gas lease in Crockett County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 147077.
- Is HOOVER-STATE still producing?
- HOOVER-STATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HOOVER-STATE is August 2026.
- How much has HOOVER-STATE produced?
- HOOVER-STATE has reported 468,916 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between September 1993 and August 2026, from 1 wellbore.
- How much is HOOVER-STATE worth?
- The remaining production from HOOVER-STATE is estimated to be worth about $36K in total as of 27 August 2026, within a range of $28K to $43K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HOOVER-STATE is a fraction of it. The estimate fits an Arps decline curve to the production HOOVER-STATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HOOVER-STATE is an estimate of value, not an offer and not an appraisal.
- How much income does HOOVER-STATE generate in a year?
- HOOVER-STATE is forecast to net about $5K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in HOOVER-STATE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Amax Oil & Gas Inc. |
|---|---|
| Field | Ozona (Canyon Sand) |
| County | Crockett County, Texas |
| RRC district | 7C |
| Lease number | 147077 |
| Wellbores | 1 |
| Reported production | 468,916 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $36K |
Where HOOVER-STATE 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.