HICKMAN
HICKMAN is a Texas oil lease in Reagan County, Railroad Commission district 7C, operated by North American Royalties, Inc. It has 6 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 55,128 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 $468K, with roughly $90K 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 141 barrels a month, about 24 per wellbore. Its strongest month on the record we hold was May 2025, at 247 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
- Who operates HICKMAN?
- HICKMAN is operated by North American Royalties, Inc., Railroad Commission of Texas operator number 613600.
- Where is HICKMAN?
- HICKMAN is a Texas oil lease in Reagan County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 10152.
- Is HICKMAN still producing?
- HICKMAN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HICKMAN is August 2026.
- How much has HICKMAN produced?
- HICKMAN has reported 55,128 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 6 wellbores.
- How much is HICKMAN worth?
- The remaining production from HICKMAN is estimated to be worth about $468K in total as of 26 August 2026, within a range of $365K to $571K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HICKMAN is a fraction of it. The estimate fits an Arps decline curve to the production HICKMAN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HICKMAN is an estimate of value, not an offer and not an appraisal.
- How much income does HICKMAN generate in a year?
- HICKMAN is forecast to net about $90K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HICKMAN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | North American Royalties, Inc. |
|---|---|
| Field | Price (Grayburg) |
| County | Reagan County, Texas |
| RRC district | 7C |
| Lease number | 10152 |
| Wellbores | 6 |
| Reported production | 55,128 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $468K |
Where HICKMAN 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.