HODGE
HODGE is a Texas oil lease in Lee County, Railroad Commission district 03, operated by Ernest Operating Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 6,774 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 $62K, with roughly $12K 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 15 barrels a month. Its strongest month on the record we hold was November 2017, at 61 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 HODGE
- Who operates HODGE?
- HODGE is operated by Ernest Operating Company, Railroad Commission of Texas operator number 253480.
- Where is HODGE?
- HODGE is a Texas oil lease in Lee County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 11554.
- Is HODGE still producing?
- HODGE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HODGE is August 2026.
- How much has HODGE produced?
- HODGE has reported 6,774 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is HODGE worth?
- The remaining production from HODGE is estimated to be worth about $62K in total as of 26 August 2026, within a range of $34K to $90K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HODGE is a fraction of it. The estimate fits an Arps decline curve to the production HODGE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HODGE is an estimate of value, not an offer and not an appraisal.
- How much income does HODGE generate in a year?
- HODGE is forecast to net about $12K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HODGE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ernest Operating Company |
|---|---|
| Field | Noack Cow Herd (Seg. B, East) |
| County | Lee County, Texas |
| RRC district | 03 |
| Lease number | 11554 |
| Wellbores | 1 |
| Reported production | 6,774 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $62K |
Where HODGE 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.