HEFLEY 24
HEFLEY 24 is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Big Star Oil & Gas, LLC. It has 3 wellbores on file with the Commission. Reported production runs from January 2012 to August 2026, totalling 131,445 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 $199K, with roughly $37K 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 83 barrels a month, about 28 per wellbore. Its strongest month on the record we hold was July 2021, at 990 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 HEFLEY 24
- Who operates HEFLEY 24?
- HEFLEY 24 is operated by Big Star Oil & Gas, LLC, Railroad Commission of Texas operator number 070445.
- Where is HEFLEY 24?
- HEFLEY 24 is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 42714.
- Is HEFLEY 24 still producing?
- HEFLEY 24 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HEFLEY 24 is August 2026.
- How much has HEFLEY 24 produced?
- HEFLEY 24 has reported 131,445 barrels of oil (bbl) to the Railroad Commission of Texas between January 2012 and August 2026, from 3 wellbores.
- How much is HEFLEY 24 worth?
- The remaining production from HEFLEY 24 is estimated to be worth about $199K in total as of 26 August 2026, within a range of $109K to $288K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HEFLEY 24 is a fraction of it. The estimate fits an Arps decline curve to the production HEFLEY 24 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HEFLEY 24 is an estimate of value, not an offer and not an appraisal.
- How much income does HEFLEY 24 generate in a year?
- HEFLEY 24 is forecast to net about $37K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HEFLEY 24 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Big Star Oil & Gas, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 42714 |
| Wellbores | 3 |
| Reported production | 131,445 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $199K |
Where HEFLEY 24 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.