HUGHES, JACKSON -24-
HUGHES, JACKSON -24- is a Texas oil lease in Reagan County, Railroad Commission district 7C, operated by Sahara Operating Company. It has 4 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 80,335 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 $476K, with roughly $156K 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 294 barrels a month, about 73 per wellbore. Its strongest month on the record we hold was October 2024, at 606 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 HUGHES, JACKSON -24-
- Who operates HUGHES, JACKSON -24-?
- HUGHES, JACKSON -24- is operated by Sahara Operating Company, Railroad Commission of Texas operator number 743279.
- Where is HUGHES, JACKSON -24-?
- HUGHES, JACKSON -24- is a Texas oil lease in Reagan County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 03074.
- Is HUGHES, JACKSON -24- still producing?
- HUGHES, JACKSON -24- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HUGHES, JACKSON -24- is August 2026.
- How much has HUGHES, JACKSON -24- produced?
- HUGHES, JACKSON -24- has reported 80,335 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 4 wellbores.
- How much is HUGHES, JACKSON -24- worth?
- The remaining production from HUGHES, JACKSON -24- is estimated to be worth about $476K in total as of 27 August 2026, within a range of $371K to $581K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HUGHES, JACKSON -24- is a fraction of it. The estimate fits an Arps decline curve to the production HUGHES, JACKSON -24- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HUGHES, JACKSON -24- is an estimate of value, not an offer and not an appraisal.
- How much income does HUGHES, JACKSON -24- generate in a year?
- HUGHES, JACKSON -24- is forecast to net about $156K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in HUGHES, JACKSON -24- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Sahara Operating Company |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Reagan County, Texas |
| RRC district | 7C |
| Lease number | 03074 |
| Wellbores | 4 |
| Reported production | 80,335 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $476K |
Where HUGHES, JACKSON -24- 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.