HOBART RANCH
HOBART RANCH is a Texas gas lease in Hemphill County, Railroad Commission district 10, operated by Helmerich & Payne, Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 570,280 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 $40K, with roughly $5K 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 216 thousand cubic feet a month. Its strongest month on the record we hold was September 2021, at 1,321 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 HOBART RANCH
- Who operates HOBART RANCH?
- HOBART RANCH is operated by Helmerich & Payne, Inc., Railroad Commission of Texas operator number 374170.
- Where is HOBART RANCH?
- HOBART RANCH is a Texas gas lease in Hemphill County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 078672.
- Is HOBART RANCH still producing?
- HOBART RANCH is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HOBART RANCH is August 2026.
- How much has HOBART RANCH produced?
- HOBART RANCH has reported 570,280 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is HOBART RANCH worth?
- The remaining production from HOBART RANCH is estimated to be worth about $40K in total as of 27 August 2026, within a range of $31K to $49K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HOBART RANCH is a fraction of it. The estimate fits an Arps decline curve to the production HOBART RANCH has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HOBART RANCH is an estimate of value, not an offer and not an appraisal.
- How much income does HOBART RANCH generate in a year?
- HOBART RANCH is forecast to net about $5K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in HOBART RANCH receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Helmerich & Payne, Inc. |
|---|---|
| Field | Hemphill (Granite Wash.) |
| County | Hemphill County, Texas |
| RRC district | 10 |
| Lease number | 078672 |
| Wellbores | 1 |
| Reported production | 570,280 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $40K |
Where HOBART RANCH 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.