HIGG RANCH '30'
HIGG RANCH '30' is a Texas oil lease in Gaines County, Railroad Commission district 8A, operated by Strand Energy, L.C. It has 3 wellbores on file with the Commission. Reported production runs from March 2013 to August 2026, totalling 77,740 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 $891K, with roughly $169K 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 221 barrels a month, about 74 per wellbore. Its strongest month on the record we hold was July 2016, at 940 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 HIGG RANCH '30'
- Who operates HIGG RANCH '30'?
- HIGG RANCH '30' is operated by Strand Energy, L.C., Railroad Commission of Texas operator number 824758.
- Where is HIGG RANCH '30'?
- HIGG RANCH '30' is a Texas oil lease in Gaines County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 70057.
- Is HIGG RANCH '30' still producing?
- HIGG RANCH '30' is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HIGG RANCH '30' is August 2026.
- How much has HIGG RANCH '30' produced?
- HIGG RANCH '30' has reported 77,740 barrels of oil (bbl) to the Railroad Commission of Texas between March 2013 and August 2026, from 3 wellbores.
- How much is HIGG RANCH '30' worth?
- The remaining production from HIGG RANCH '30' is estimated to be worth about $891K in total as of 27 August 2026, within a range of $695K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HIGG RANCH '30' is a fraction of it. The estimate fits an Arps decline curve to the production HIGG RANCH '30' has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HIGG RANCH '30' is an estimate of value, not an offer and not an appraisal.
- How much income does HIGG RANCH '30' generate in a year?
- HIGG RANCH '30' is forecast to net about $169K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in HIGG RANCH '30' receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Strand Energy, L.C. |
|---|---|
| Field | Russell (Clearfork Consolidated |
| County | Gaines County, Texas |
| RRC district | 8A |
| Lease number | 70057 |
| Wellbores | 3 |
| Reported production | 77,740 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $891K |
Where HIGG RANCH '30' 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.