PT
PT is a Texas oil lease in Crosby County, Railroad Commission district 8A, operated by Hexp Operating, LLC. It has 19 wellbores on file with the Commission. Reported production runs from July 2018 to August 2026, totalling 46,794 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 $711K, with roughly $201K 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 343 barrels a month, about 18 per wellbore. Its strongest month on the record we hold was August 2018, at 1,053 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 PT
- Who operates PT?
- PT is operated by Hexp Operating, LLC, Railroad Commission of Texas operator number 383192.
- Where is PT?
- PT is a Texas oil lease in Crosby County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 70716.
- Is PT still producing?
- PT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PT is August 2026.
- How much has PT produced?
- PT has reported 46,794 barrels of oil (bbl) to the Railroad Commission of Texas between July 2018 and August 2026, from 19 wellbores.
- How much is PT worth?
- The remaining production from PT is estimated to be worth about $711K in total as of 26 August 2026, within a range of $554K to $867K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PT is a fraction of it. The estimate fits an Arps decline curve to the production PT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PT is an estimate of value, not an offer and not an appraisal.
- How much income does PT generate in a year?
- PT is forecast to net about $201K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Hexp Operating, LLC |
|---|---|
| Field | Hoople (Clear Fork) |
| County | Crosby County, Texas |
| RRC district | 8A |
| Lease number | 70716 |
| Wellbores | 19 |
| Reported production | 46,794 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $711K |
Where PT 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.