HAAG, E. L. 2
HAAG, E. L. 2 is a Texas oil lease in Jack County, Railroad Commission district 09, operated by Best Petroleum Explorations,Inc. It has 1 wellbore on file with the Commission. Reported production runs from August 2010 to August 2026, totalling 7,371 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 $146K, with roughly $27K 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 13 barrels a month. Its strongest month on the record we hold was August 2024, at 116 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 HAAG, E. L. 2
- Who operates HAAG, E. L. 2?
- HAAG, E. L. 2 is operated by Best Petroleum Explorations,Inc., Railroad Commission of Texas operator number 068287.
- Where is HAAG, E. L. 2?
- HAAG, E. L. 2 is a Texas oil lease in Jack County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 31674.
- Is HAAG, E. L. 2 still producing?
- HAAG, E. L. 2 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HAAG, E. L. 2 is August 2026.
- How much has HAAG, E. L. 2 produced?
- HAAG, E. L. 2 has reported 7,371 barrels of oil (bbl) to the Railroad Commission of Texas between August 2010 and August 2026, from 1 wellbore.
- How much is HAAG, E. L. 2 worth?
- The remaining production from HAAG, E. L. 2 is estimated to be worth about $146K in total as of 27 August 2026, within a range of $80K to $212K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HAAG, E. L. 2 is a fraction of it. The estimate fits an Arps decline curve to the production HAAG, E. L. 2 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HAAG, E. L. 2 is an estimate of value, not an offer and not an appraisal.
- How much income does HAAG, E. L. 2 generate in a year?
- HAAG, E. L. 2 is forecast to net about $27K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in HAAG, E. L. 2 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Best Petroleum Explorations,Inc. |
|---|---|
| Field | Dearing (Caddo) |
| County | Jack County, Texas |
| RRC district | 09 |
| Lease number | 31674 |
| Wellbores | 1 |
| Reported production | 7,371 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $146K |
Where HAAG, E. L. 2 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.