HOWARD, L.
HOWARD, L. is a Texas oil lease in Gregg County, Railroad Commission district 6E, operated by Sabine Pipe & Supply Co. It has 4 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 4,083 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 $195K, with roughly $38K 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 76 barrels a month, about 19 per wellbore. Its strongest month on the record we hold was January 2025, at 307 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 HOWARD, L.
- Who operates HOWARD, L.?
- HOWARD, L. is operated by Sabine Pipe & Supply Co., Railroad Commission of Texas operator number 742150.
- Where is HOWARD, L.?
- HOWARD, L. is a Texas oil lease in Gregg County, Texas, in Railroad Commission district 6E. Its Railroad Commission lease number is 07902.
- Is HOWARD, L. still producing?
- HOWARD, L. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HOWARD, L. is August 2026.
- How much has HOWARD, L. produced?
- HOWARD, L. has reported 4,083 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 4 wellbores.
- How much is HOWARD, L. worth?
- The remaining production from HOWARD, L. is estimated to be worth about $195K in total as of 27 August 2026, within a range of $107K to $283K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HOWARD, L. is a fraction of it. The estimate fits an Arps decline curve to the production HOWARD, L. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HOWARD, L. is an estimate of value, not an offer and not an appraisal.
- How much income does HOWARD, L. generate in a year?
- HOWARD, L. is forecast to net about $38K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in HOWARD, L. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Sabine Pipe & Supply Co. |
|---|---|
| Field | East Texas |
| County | Gregg County, Texas |
| RRC district | 6E |
| Lease number | 07902 |
| Wellbores | 4 |
| Reported production | 4,083 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $195K |
Where HOWARD, L. 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.