HUNGATE
HUNGATE is a Texas gas lease in Moore County, Railroad Commission district 10, operated by Phillips Petroleum Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 221,537 thousand cubic feet. 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 $23K, with roughly $9K 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 612 thousand cubic feet a month. Its strongest month on the record we hold was July 2019, at 1,164 thousand cubic feet. 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 HUNGATE
- Who operates HUNGATE?
- HUNGATE is operated by Phillips Petroleum Company, Railroad Commission of Texas operator number 663680.
- Where is HUNGATE?
- HUNGATE is a Texas gas lease in Moore County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 027610.
- Is HUNGATE still producing?
- HUNGATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HUNGATE is August 2026.
- How much has HUNGATE produced?
- HUNGATE has reported 221,537 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is HUNGATE worth?
- The remaining production from HUNGATE is estimated to be worth about $23K in total as of 26 August 2026, within a range of $18K to $29K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HUNGATE is a fraction of it. The estimate fits an Arps decline curve to the production HUNGATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HUNGATE is an estimate of value, not an offer and not an appraisal.
- How much income does HUNGATE generate in a year?
- HUNGATE is forecast to net about $9K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HUNGATE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Phillips Petroleum Company |
|---|---|
| Field | Texas Hugoton |
| County | Moore County, Texas |
| RRC district | 10 |
| Lease number | 027610 |
| Wellbores | 1 |
| Reported production | 221,537 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $23K |
Where HUNGATE 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.