HUGHES T
HUGHES T 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 September 2023 to August 2026, totalling 27,899 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 $2.3M, with roughly $751K 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 2,207 barrels a month. Its strongest month on the record we hold was May 2025, at 5,873 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 T
- Who operates HUGHES T?
- HUGHES T is operated by Discovery Natural Resources LLC, Railroad Commission of Texas operator number 220855.
- Where is HUGHES T?
- HUGHES T is a Texas oil lease in Reagan County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 22390.
- Is HUGHES T still producing?
- HUGHES T is intermittent. The most recent month of production reported to the Railroad Commission of Texas for HUGHES T is August 2026.
- How much has HUGHES T produced?
- HUGHES T has reported 27,899 barrels of oil (bbl) to the Railroad Commission of Texas between September 2023 and August 2026, from 1 wellbore.
- How much is HUGHES T worth?
- The remaining production from HUGHES T is estimated to be worth about $2.3M in total as of 27 August 2026, within a range of $1.9M to $2.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HUGHES T is a fraction of it. The estimate fits an Arps decline curve to the production HUGHES T has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HUGHES T is an estimate of value, not an offer and not an appraisal.
- How much income does HUGHES T generate in a year?
- HUGHES T is forecast to net about $751K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in HUGHES T 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 | 22390 |
| Wellbores | 1 |
| Reported production | 27,899 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.3M |
Where HUGHES T 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.