HARGROVE-PAUL 31
HARGROVE-PAUL 31 is a Texas oil lease in Ochiltree County, Railroad Commission district 10, operated by Texas American Resources Company. It has 2 wellbores on file with the Commission. Reported production runs from October 2013 to August 2026, totalling 166,112 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 $562K, with roughly $95K 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 97 barrels a month, about 48 per wellbore. Its strongest month on the record we hold was May 2016, at 1,209 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 HARGROVE-PAUL 31
- Who operates HARGROVE-PAUL 31?
- HARGROVE-PAUL 31 is operated by Texas American Resources Company, Railroad Commission of Texas operator number 844344.
- Where is HARGROVE-PAUL 31?
- HARGROVE-PAUL 31 is a Texas oil lease in Ochiltree County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 08963.
- Is HARGROVE-PAUL 31 still producing?
- HARGROVE-PAUL 31 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HARGROVE-PAUL 31 is August 2026.
- How much has HARGROVE-PAUL 31 produced?
- HARGROVE-PAUL 31 has reported 166,112 barrels of oil (bbl) to the Railroad Commission of Texas between October 2013 and August 2026, from 2 wellbores.
- How much is HARGROVE-PAUL 31 worth?
- The remaining production from HARGROVE-PAUL 31 is estimated to be worth about $562K in total as of 27 August 2026, within a range of $309K to $814K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HARGROVE-PAUL 31 is a fraction of it. The estimate fits an Arps decline curve to the production HARGROVE-PAUL 31 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HARGROVE-PAUL 31 is an estimate of value, not an offer and not an appraisal.
- How much income does HARGROVE-PAUL 31 generate in a year?
- HARGROVE-PAUL 31 is forecast to net about $95K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in HARGROVE-PAUL 31 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Texas American Resources Company |
|---|---|
| Field | Allen-Parker (Marmaton) |
| County | Ochiltree County, Texas |
| RRC district | 10 |
| Lease number | 08963 |
| Wellbores | 2 |
| Reported production | 166,112 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $562K |
Where HARGROVE-PAUL 31 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.