HARGROVES
HARGROVES is a Texas oil lease in Mcculloch County, Railroad Commission district 7C, operated by Geosurveys, Inc. It has 11 wellbores on file with the Commission. Reported production runs from October 1994 to August 2026, totalling 465,542 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 $561K, with roughly $190K 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 327 barrels a month, about 30 per wellbore. Its strongest month on the record we hold was September 2020, at 973 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 HARGROVES
- Who operates HARGROVES?
- HARGROVES is operated by Geosurveys, Inc., Railroad Commission of Texas operator number 301322.
- Where is HARGROVES?
- HARGROVES is a Texas oil lease in Mcculloch County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 13696.
- Is HARGROVES still producing?
- HARGROVES is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HARGROVES is August 2026.
- How much has HARGROVES produced?
- HARGROVES has reported 465,542 barrels of oil (bbl) to the Railroad Commission of Texas between October 1994 and August 2026, from 11 wellbores.
- How much is HARGROVES worth?
- The remaining production from HARGROVES is estimated to be worth about $561K in total as of 27 August 2026, within a range of $437K to $684K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HARGROVES is a fraction of it. The estimate fits an Arps decline curve to the production HARGROVES has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HARGROVES is an estimate of value, not an offer and not an appraisal.
- How much income does HARGROVES generate in a year?
- HARGROVES is forecast to net about $190K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in HARGROVES receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Geosurveys, Inc. |
|---|---|
| Field | Needle Creek (Canyon) |
| County | Mcculloch County, Texas |
| RRC district | 7C |
| Lease number | 13696 |
| Wellbores | 11 |
| Reported production | 465,542 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $561K |
Where HARGROVES 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.