RICHARDS, FRANK
RICHARDS, FRANK is a Texas oil lease in Jack County, Railroad Commission district 09, operated by Hep Oil Company, Ltd. It has 5 wellbores on file with the Commission. Reported production runs from May 2005 to August 2026, totalling 191,431 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 $648K, with roughly $114K 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 117 barrels a month, about 23 per wellbore. Its strongest month on the record we hold was May 2016, at 531 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 RICHARDS, FRANK
- Who operates RICHARDS, FRANK?
- RICHARDS, FRANK is operated by Hep Oil Company, Ltd., Railroad Commission of Texas operator number 379520.
- Where is RICHARDS, FRANK?
- RICHARDS, FRANK is a Texas oil lease in Jack County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 30523.
- Is RICHARDS, FRANK still producing?
- RICHARDS, FRANK is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RICHARDS, FRANK is August 2026.
- How much has RICHARDS, FRANK produced?
- RICHARDS, FRANK has reported 191,431 barrels of oil (bbl) to the Railroad Commission of Texas between May 2005 and August 2026, from 5 wellbores.
- How much is RICHARDS, FRANK worth?
- The remaining production from RICHARDS, FRANK is estimated to be worth about $648K in total as of 26 August 2026, within a range of $505K to $790K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RICHARDS, FRANK is a fraction of it. The estimate fits an Arps decline curve to the production RICHARDS, FRANK has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RICHARDS, FRANK is an estimate of value, not an offer and not an appraisal.
- How much income does RICHARDS, FRANK generate in a year?
- RICHARDS, FRANK is forecast to net about $114K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RICHARDS, FRANK receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Hep Oil Company, Ltd. |
|---|---|
| Field | Lost Valley (Caddo) |
| County | Jack County, Texas |
| RRC district | 09 |
| Lease number | 30523 |
| Wellbores | 5 |
| Reported production | 191,431 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $648K |
Where RICHARDS, FRANK 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.