HOPE UNIT
HOPE UNIT is a Texas oil lease in Fayette County, Railroad Commission district 03, operated by Oak Valley Operating, LLC. It has 5 wellbores on file with the Commission. Reported production runs from October 2014 to August 2026, totalling 619,909 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 $4.0M, with roughly $928K 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 1,345 barrels a month, about 269 per wellbore. Its strongest month on the record we hold was January 2017, at 16,668 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 HOPE UNIT
- Who operates HOPE UNIT?
- HOPE UNIT is operated by Oak Valley Operating, LLC, Railroad Commission of Texas operator number 617112.
- Where is HOPE UNIT?
- HOPE UNIT is a Texas oil lease in Fayette County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 26574.
- Is HOPE UNIT still producing?
- HOPE UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HOPE UNIT is August 2026.
- How much has HOPE UNIT produced?
- HOPE UNIT has reported 619,909 barrels of oil (bbl) to the Railroad Commission of Texas between October 2014 and August 2026, from 5 wellbores.
- How much is HOPE UNIT worth?
- The remaining production from HOPE UNIT is estimated to be worth about $4.0M in total as of 26 August 2026, within a range of $3.3M to $4.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HOPE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production HOPE UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HOPE UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does HOPE UNIT generate in a year?
- HOPE UNIT is forecast to net about $928K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HOPE UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Oak Valley Operating, LLC |
|---|---|
| Field | Southern Bay (Eagle Ford) |
| County | Fayette County, Texas |
| RRC district | 03 |
| Lease number | 26574 |
| Wellbores | 5 |
| Reported production | 619,909 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.0M |
Where HOPE UNIT 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.