HAYES
HAYES is a Texas oil lease in Grimes County, Railroad Commission district 03, operated by CML Exploration, LLC. It has 2 wellbores on file with the Commission. Reported production runs from September 2014 to August 2026, totalling 392,682 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 $4.1M, with roughly $871K 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 1,232 barrels a month, about 616 per wellbore. Its strongest month on the record we hold was July 2016, at 4,107 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 HAYES
- Who operates HAYES?
- HAYES is operated by CML Exploration, LLC, Railroad Commission of Texas operator number 120648.
- Where is HAYES?
- HAYES is a Texas oil lease in Grimes County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 26695.
- Is HAYES still producing?
- HAYES is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HAYES is August 2026.
- How much has HAYES produced?
- HAYES has reported 392,682 barrels of oil (bbl) to the Railroad Commission of Texas between September 2014 and August 2026, from 2 wellbores.
- How much is HAYES worth?
- The remaining production from HAYES is estimated to be worth about $4.1M in total as of 26 August 2026, within a range of $3.4M to $4.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HAYES is a fraction of it. The estimate fits an Arps decline curve to the production HAYES has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HAYES is an estimate of value, not an offer and not an appraisal.
- How much income does HAYES generate in a year?
- HAYES is forecast to net about $871K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HAYES receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | CML Exploration, LLC |
|---|---|
| Field | Madisonville, W. (Woodbine -A-) |
| County | Grimes County, Texas |
| RRC district | 03 |
| Lease number | 26695 |
| Wellbores | 2 |
| Reported production | 392,682 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.1M |
Where HAYES 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.