HERBICH
HERBICH is a Texas oil lease in Madison County, Railroad Commission district 03, operated by Patterson Petroleum LP. It has 1 wellbore on file with the Commission. Reported production runs from December 2006 to August 2026, totalling 109,945 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 $324K, with roughly $58K 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 100 barrels a month. Its strongest month on the record we hold was August 2017, at 460 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 HERBICH
- Who operates HERBICH?
- HERBICH is operated by Patterson Petroleum LP, Railroad Commission of Texas operator number 643435.
- Where is HERBICH?
- HERBICH is a Texas oil lease in Madison County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 24968.
- Is HERBICH still producing?
- HERBICH is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HERBICH is August 2026.
- How much has HERBICH produced?
- HERBICH has reported 109,945 barrels of oil (bbl) to the Railroad Commission of Texas between December 2006 and August 2026, from 1 wellbore.
- How much is HERBICH worth?
- The remaining production from HERBICH is estimated to be worth about $324K in total as of 26 August 2026, within a range of $178K to $469K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HERBICH is a fraction of it. The estimate fits an Arps decline curve to the production HERBICH has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HERBICH is an estimate of value, not an offer and not an appraisal.
- How much income does HERBICH generate in a year?
- HERBICH is forecast to net about $58K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HERBICH receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Patterson Petroleum LP |
|---|---|
| Field | Iola (Georgetown) |
| County | Madison County, Texas |
| RRC district | 03 |
| Lease number | 24968 |
| Wellbores | 1 |
| Reported production | 109,945 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $324K |
Where HERBICH 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.