HANSON 40
HANSON 40 is a Texas gas lease in Hemphill County, Railroad Commission district 10, operated by Latigo Petroleum, Inc. It has 1 wellbore on file with the Commission. Reported production runs from December 2008 to August 2026, totalling 823,615 thousand cubic feet. 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 $79K, with roughly $14K 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 515 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 1,473 thousand cubic feet. 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 HANSON 40
- Who operates HANSON 40?
- HANSON 40 is operated by Latigo Petroleum, Inc., Railroad Commission of Texas operator number 488264.
- Where is HANSON 40?
- HANSON 40 is a Texas gas lease in Hemphill County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 247525.
- Is HANSON 40 still producing?
- HANSON 40 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HANSON 40 is August 2026.
- How much has HANSON 40 produced?
- HANSON 40 has reported 823,615 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between December 2008 and August 2026, from 1 wellbore.
- How much is HANSON 40 worth?
- The remaining production from HANSON 40 is estimated to be worth about $79K in total as of 26 August 2026, within a range of $62K to $96K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HANSON 40 is a fraction of it. The estimate fits an Arps decline curve to the production HANSON 40 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HANSON 40 is an estimate of value, not an offer and not an appraisal.
- How much income does HANSON 40 generate in a year?
- HANSON 40 is forecast to net about $14K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HANSON 40 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Latigo Petroleum, Inc. |
|---|---|
| Field | Gem-Hemphill (Granite Wash) |
| County | Hemphill County, Texas |
| RRC district | 10 |
| Lease number | 247525 |
| Wellbores | 1 |
| Reported production | 823,615 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $79K |
Where HANSON 40 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.