HUEY 518
HUEY 518 is a Texas oil lease in Lipscomb County, Railroad Commission district 10, operated by Presidio Petroleum LLC. It has 1 wellbore on file with the Commission. Reported production runs from May 2019 to August 2026, totalling 28,051 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 $1.1M, with roughly $229K 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 278 barrels a month. Its strongest month on the record we hold was August 2019, at 602 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 HUEY 518
- Who operates HUEY 518?
- HUEY 518 is operated by Presidio Petroleum LLC, Railroad Commission of Texas operator number 676084.
- Where is HUEY 518?
- HUEY 518 is a Texas oil lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 09730.
- Is HUEY 518 still producing?
- HUEY 518 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HUEY 518 is August 2026.
- How much has HUEY 518 produced?
- HUEY 518 has reported 28,051 barrels of oil (bbl) to the Railroad Commission of Texas between May 2019 and August 2026, from 1 wellbore.
- How much is HUEY 518 worth?
- The remaining production from HUEY 518 is estimated to be worth about $1.1M in total as of 27 August 2026, within a range of $828K to $1.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HUEY 518 is a fraction of it. The estimate fits an Arps decline curve to the production HUEY 518 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HUEY 518 is an estimate of value, not an offer and not an appraisal.
- How much income does HUEY 518 generate in a year?
- HUEY 518 is forecast to net about $229K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in HUEY 518 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Presidio Petroleum LLC |
|---|---|
| Field | Kiowa Creek (Marmaton) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 09730 |
| Wellbores | 1 |
| Reported production | 28,051 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.1M |
Where HUEY 518 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.