HUGHES 20
HUGHES 20 is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Athlon Fe Operating LLC. It has 5 wellbores on file with the Commission. Reported production runs from August 2013 to August 2026, totalling 186,789 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 $289K, with roughly $50K 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 64 barrels a month, about 13 per wellbore. Its strongest month on the record we hold was May 2016, at 1,089 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 HUGHES 20
- Who operates HUGHES 20?
- HUGHES 20 is operated by Athlon Fe Operating LLC, Railroad Commission of Texas operator number 036048.
- Where is HUGHES 20?
- HUGHES 20 is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 44533.
- Is HUGHES 20 still producing?
- HUGHES 20 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HUGHES 20 is August 2026.
- How much has HUGHES 20 produced?
- HUGHES 20 has reported 186,789 barrels of oil (bbl) to the Railroad Commission of Texas between August 2013 and August 2026, from 5 wellbores.
- How much is HUGHES 20 worth?
- The remaining production from HUGHES 20 is estimated to be worth about $289K in total as of 27 August 2026, within a range of $159K to $419K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HUGHES 20 is a fraction of it. The estimate fits an Arps decline curve to the production HUGHES 20 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HUGHES 20 is an estimate of value, not an offer and not an appraisal.
- How much income does HUGHES 20 generate in a year?
- HUGHES 20 is forecast to net about $50K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in HUGHES 20 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Athlon Fe Operating LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 44533 |
| Wellbores | 5 |
| Reported production | 186,789 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $289K |
Where HUGHES 20 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.