CHUBBS 996
CHUBBS 996 is a Texas oil lease in Lipscomb County, Railroad Commission district 10, operated by Holmes Exploration, LLC. It has 1 wellbore on file with the Commission. Reported production runs from March 2012 to August 2026, totalling 69,344 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 $591K, with roughly $104K 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 120 barrels a month. Its strongest month on the record we hold was May 2016, at 418 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 CHUBBS 996
- Who operates CHUBBS 996?
- CHUBBS 996 is operated by Holmes Exploration, LLC, Railroad Commission of Texas operator number 394700.
- Where is CHUBBS 996?
- CHUBBS 996 is a Texas oil lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 08751.
- Is CHUBBS 996 still producing?
- CHUBBS 996 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CHUBBS 996 is August 2026.
- How much has CHUBBS 996 produced?
- CHUBBS 996 has reported 69,344 barrels of oil (bbl) to the Railroad Commission of Texas between March 2012 and August 2026, from 1 wellbore.
- How much is CHUBBS 996 worth?
- The remaining production from CHUBBS 996 is estimated to be worth about $591K in total as of 27 August 2026, within a range of $461K to $720K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CHUBBS 996 is a fraction of it. The estimate fits an Arps decline curve to the production CHUBBS 996 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CHUBBS 996 is an estimate of value, not an offer and not an appraisal.
- How much income does CHUBBS 996 generate in a year?
- CHUBBS 996 is forecast to net about $104K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CHUBBS 996 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Holmes Exploration, LLC |
|---|---|
| Field | Kiowa Creek (Marmaton) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 08751 |
| Wellbores | 1 |
| Reported production | 69,344 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $591K |
Where CHUBBS 996 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.