HAAG
HAAG is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Patriot Resources, Inc. It has 12 wellbores on file with the Commission. Reported production runs from April 2010 to August 2026, totalling 606,564 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 $1.5M, with roughly $337K 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 686 barrels a month, about 57 per wellbore. Its strongest month on the record we hold was August 2016, at 2,551 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 HAAG
- Who operates HAAG?
- HAAG is operated by Patriot Resources, Inc., Railroad Commission of Texas operator number 643401.
- Where is HAAG?
- HAAG is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 40080.
- Is HAAG still producing?
- HAAG is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HAAG is August 2026.
- How much has HAAG produced?
- HAAG has reported 606,564 barrels of oil (bbl) to the Railroad Commission of Texas between April 2010 and August 2026, from 12 wellbores.
- How much is HAAG worth?
- The remaining production from HAAG is estimated to be worth about $1.5M in total as of 26 August 2026, within a range of $1.2M to $1.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HAAG is a fraction of it. The estimate fits an Arps decline curve to the production HAAG has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HAAG is an estimate of value, not an offer and not an appraisal.
- How much income does HAAG generate in a year?
- HAAG is forecast to net about $337K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HAAG receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Patriot Resources, Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 40080 |
| Wellbores | 12 |
| Reported production | 606,564 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.5M |
Where HAAG 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.