HUGHES, -A-
HUGHES, -A- is a Texas oil lease in Reagan County, Railroad Commission district 7C, operated by Stephens, Autry C. It has 8 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 116,438 barrels. The lease is intermittent. 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 $16K, with roughly $3K 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 2 barrels a month. Its strongest month on the record we hold was August 2022, at 214 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 HUGHES, -A-
- Who operates HUGHES, -A-?
- HUGHES, -A- is operated by Stephens, Autry C., Railroad Commission of Texas operator number 817550.
- Where is HUGHES, -A-?
- HUGHES, -A- is a Texas oil lease in Reagan County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 03325.
- Is HUGHES, -A- still producing?
- HUGHES, -A- is intermittent. The most recent month of production reported to the Railroad Commission of Texas for HUGHES, -A- is August 2026.
- How much has HUGHES, -A- produced?
- HUGHES, -A- has reported 116,438 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 8 wellbores.
- How much is HUGHES, -A- worth?
- The remaining production from HUGHES, -A- is estimated to be worth about $16K in total as of 27 August 2026, within a range of $0 to $31K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HUGHES, -A- is a fraction of it. The estimate fits an Arps decline curve to the production HUGHES, -A- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HUGHES, -A- is an estimate of value, not an offer and not an appraisal.
- How much income does HUGHES, -A- generate in a year?
- HUGHES, -A- is forecast to net about $3K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in HUGHES, -A- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Stephens, Autry C. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Reagan County, Texas |
| RRC district | 7C |
| Lease number | 03325 |
| Wellbores | 8 |
| Reported production | 116,438 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $16K |
Where HUGHES, -A- 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.