HICKMAN AL03
HICKMAN AL03 is a Texas oil lease in Reagan County, Railroad Commission district 7C, operated by Discovery Natural Resources LLC. It has 1 wellbore on file with the Commission. Reported production runs from November 2018 to August 2026, totalling 111,669 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 $2.1M, with roughly $469K 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 297 barrels a month. Its strongest month on the record we hold was May 2019, at 10,901 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 HICKMAN AL03
- Who operates HICKMAN AL03?
- HICKMAN AL03 is operated by Discovery Natural Resources LLC, Railroad Commission of Texas operator number 220855.
- Where is HICKMAN AL03?
- HICKMAN AL03 is a Texas oil lease in Reagan County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 20175.
- Is HICKMAN AL03 still producing?
- HICKMAN AL03 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HICKMAN AL03 is August 2026.
- How much has HICKMAN AL03 produced?
- HICKMAN AL03 has reported 111,669 barrels of oil (bbl) to the Railroad Commission of Texas between November 2018 and August 2026, from 1 wellbore.
- How much is HICKMAN AL03 worth?
- The remaining production from HICKMAN AL03 is estimated to be worth about $2.1M in total as of 27 August 2026, within a range of $1.7M to $2.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HICKMAN AL03 is a fraction of it. The estimate fits an Arps decline curve to the production HICKMAN AL03 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HICKMAN AL03 is an estimate of value, not an offer and not an appraisal.
- How much income does HICKMAN AL03 generate in a year?
- HICKMAN AL03 is forecast to net about $469K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in HICKMAN AL03 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Discovery Natural Resources LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Reagan County, Texas |
| RRC district | 7C |
| Lease number | 20175 |
| Wellbores | 1 |
| Reported production | 111,669 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.1M |
Where HICKMAN AL03 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.