HERNDON B 490
HERNDON B 490 is a Texas oil lease in Ochiltree County, Railroad Commission district 10, operated by Holmes Exploration, LLC. It has 1 wellbore on file with the Commission. Reported production runs from February 2009 to August 2026, totalling 56,260 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 $297K, with roughly $53K 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 66 barrels a month. Its strongest month on the record we hold was August 2017, at 271 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 HERNDON B 490
- Who operates HERNDON B 490?
- HERNDON B 490 is operated by Holmes Exploration, LLC, Railroad Commission of Texas operator number 394700.
- Where is HERNDON B 490?
- HERNDON B 490 is a Texas oil lease in Ochiltree County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 07981.
- Is HERNDON B 490 still producing?
- HERNDON B 490 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HERNDON B 490 is August 2026.
- How much has HERNDON B 490 produced?
- HERNDON B 490 has reported 56,260 barrels of oil (bbl) to the Railroad Commission of Texas between February 2009 and August 2026, from 1 wellbore.
- How much is HERNDON B 490 worth?
- The remaining production from HERNDON B 490 is estimated to be worth about $297K in total as of 27 August 2026, within a range of $163K to $431K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HERNDON B 490 is a fraction of it. The estimate fits an Arps decline curve to the production HERNDON B 490 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HERNDON B 490 is an estimate of value, not an offer and not an appraisal.
- How much income does HERNDON B 490 generate in a year?
- HERNDON B 490 is forecast to net about $53K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in HERNDON B 490 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Holmes Exploration, LLC |
|---|---|
| Field | Northrup (Cleveland) |
| County | Ochiltree County, Texas |
| RRC district | 10 |
| Lease number | 07981 |
| Wellbores | 1 |
| Reported production | 56,260 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $297K |
Where HERNDON B 490 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.