HIGGINS 1
HIGGINS 1 is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Hannathon Petroleum, LLC. It has 4 wellbores on file with the Commission. Reported production runs from August 2014 to August 2026, totalling 157,262 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 $1.3M, with roughly $281K 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 400 barrels a month, about 100 per wellbore. Its strongest month on the record we hold was October 2016, at 6,346 barrels. 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 HIGGINS 1
- Who operates HIGGINS 1?
- HIGGINS 1 is operated by Hannathon Petroleum, LLC, Railroad Commission of Texas operator number 354954.
- Where is HIGGINS 1?
- HIGGINS 1 is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 45178.
- Is HIGGINS 1 still producing?
- HIGGINS 1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HIGGINS 1 is August 2026.
- How much has HIGGINS 1 produced?
- HIGGINS 1 has reported 157,262 barrels of oil (bbl) to the Railroad Commission of Texas between August 2014 and August 2026, from 4 wellbores.
- How much is HIGGINS 1 worth?
- The remaining production from HIGGINS 1 is estimated to be worth about $1.3M in total as of 26 August 2026, within a range of $1.0M to $1.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HIGGINS 1 is a fraction of it. The estimate fits an Arps decline curve to the production HIGGINS 1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HIGGINS 1 is an estimate of value, not an offer and not an appraisal.
- How much income does HIGGINS 1 generate in a year?
- HIGGINS 1 is forecast to net about $281K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HIGGINS 1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Hannathon Petroleum, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 45178 |
| Wellbores | 4 |
| Reported production | 157,262 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.3M |
Where HIGGINS 1 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.