HOOEY-STX-UNIT
HOOEY-STX-UNIT is a Texas oil lease in Frio County, Railroad Commission district 01, operated by Formentera Operations LLC. It has 1 wellbore on file with the Commission. Reported production runs from August 2025 to August 2026, totalling 148,820 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 $7.8M, with roughly $5.6M 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 15,332 barrels a month. Its strongest month on the record we hold was November 2025, at 22,283 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 HOOEY-STX-UNIT
- Who operates HOOEY-STX-UNIT?
- HOOEY-STX-UNIT is operated by Formentera Operations LLC, Railroad Commission of Texas operator number 276959.
- Where is HOOEY-STX-UNIT?
- HOOEY-STX-UNIT is a Texas oil lease in Frio County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 21886.
- Is HOOEY-STX-UNIT still producing?
- HOOEY-STX-UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HOOEY-STX-UNIT is August 2026.
- How much has HOOEY-STX-UNIT produced?
- HOOEY-STX-UNIT has reported 148,820 barrels of oil (bbl) to the Railroad Commission of Texas between August 2025 and August 2026, from 1 wellbore.
- How much is HOOEY-STX-UNIT worth?
- The remaining production from HOOEY-STX-UNIT is estimated to be worth about $7.8M in total as of 26 August 2026, within a range of $6.4M to $9.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HOOEY-STX-UNIT is a fraction of it. The estimate fits an Arps decline curve to the production HOOEY-STX-UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HOOEY-STX-UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does HOOEY-STX-UNIT generate in a year?
- HOOEY-STX-UNIT is forecast to net about $5.6M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HOOEY-STX-UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Formentera Operations LLC |
|---|---|
| Field | Indio Tanks (Pearsall) |
| County | Frio County, Texas |
| RRC district | 01 |
| Lease number | 21886 |
| Wellbores | 1 |
| Reported production | 148,820 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $7.8M |
Where HOOEY-STX-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.