HOOVER
HOOVER is a Texas gas lease in Hemphill County, Railroad Commission district 10, operated by Mewbourne Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from July 2007 to August 2026, totalling 820,612 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 $329K, with roughly $54K 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 1,882 thousand cubic feet a month. Its strongest month on the record we hold was June 2016, at 2,868 thousand cubic feet. 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 HOOVER
- Who operates HOOVER?
- HOOVER is operated by Mewbourne Oil Company, Railroad Commission of Texas operator number 562560.
- Where is HOOVER?
- HOOVER is a Texas gas lease in Hemphill County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 229577.
- Is HOOVER still producing?
- HOOVER is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HOOVER is August 2026.
- How much has HOOVER produced?
- HOOVER has reported 820,612 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between July 2007 and August 2026, from 1 wellbore.
- How much is HOOVER worth?
- The remaining production from HOOVER is estimated to be worth about $329K in total as of 26 August 2026, within a range of $273K to $385K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HOOVER is a fraction of it. The estimate fits an Arps decline curve to the production HOOVER has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HOOVER is an estimate of value, not an offer and not an appraisal.
- How much income does HOOVER generate in a year?
- HOOVER is forecast to net about $54K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HOOVER receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mewbourne Oil Company |
|---|---|
| Field | Hemphill (Granite Wash.) |
| County | Hemphill County, Texas |
| RRC district | 10 |
| Lease number | 229577 |
| Wellbores | 1 |
| Reported production | 820,612 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $329K |
Where HOOVER 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.