HOFFMAN, GUS UNIT
HOFFMAN, GUS UNIT is a Texas oil lease in Lee County, Railroad Commission district 03, operated by Parkway Petroleum, Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 113,194 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 $208K, with roughly $33K 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 26 barrels a month. Its strongest month on the record we hold was June 2020, at 222 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 HOFFMAN, GUS UNIT
- Who operates HOFFMAN, GUS UNIT?
- HOFFMAN, GUS UNIT is operated by Parkway Petroleum, Inc., Railroad Commission of Texas operator number 641690.
- Where is HOFFMAN, GUS UNIT?
- HOFFMAN, GUS UNIT is a Texas oil lease in Lee County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 17802.
- Is HOFFMAN, GUS UNIT still producing?
- HOFFMAN, GUS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HOFFMAN, GUS UNIT is August 2026.
- How much has HOFFMAN, GUS UNIT produced?
- HOFFMAN, GUS UNIT has reported 113,194 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is HOFFMAN, GUS UNIT worth?
- The remaining production from HOFFMAN, GUS UNIT is estimated to be worth about $208K in total as of 26 August 2026, within a range of $115K to $302K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HOFFMAN, GUS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production HOFFMAN, GUS UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HOFFMAN, GUS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does HOFFMAN, GUS UNIT generate in a year?
- HOFFMAN, GUS UNIT is forecast to net about $33K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HOFFMAN, GUS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Parkway Petroleum, Inc. |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Lee County, Texas |
| RRC district | 03 |
| Lease number | 17802 |
| Wellbores | 1 |
| Reported production | 113,194 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $208K |
Where HOFFMAN, GUS UNIT 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.