HEAD HONCHO STATE
HEAD HONCHO STATE is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by Conocophillips Company. It has 1 wellbore on file with the Commission. Reported production runs from February 2022 to August 2026, totalling 6,135,126 thousand cubic feet. 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 $2.3M, with roughly $1.1M 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 47,776 thousand cubic feet a month. Its strongest month on the record we hold was March 2022, at 343,241 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 18% 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 HEAD HONCHO STATE
- Who operates HEAD HONCHO STATE?
- HEAD HONCHO STATE is operated by Conocophillips Company, Railroad Commission of Texas operator number 172232.
- Where is HEAD HONCHO STATE?
- HEAD HONCHO STATE is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 292902.
- Is HEAD HONCHO STATE still producing?
- HEAD HONCHO STATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HEAD HONCHO STATE is August 2026.
- How much has HEAD HONCHO STATE produced?
- HEAD HONCHO STATE has reported 6,135,126 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between February 2022 and August 2026, from 1 wellbore.
- How much is HEAD HONCHO STATE worth?
- The remaining production from HEAD HONCHO STATE 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 HEAD HONCHO STATE is a fraction of it. The estimate fits an Arps decline curve to the production HEAD HONCHO STATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HEAD HONCHO STATE is an estimate of value, not an offer and not an appraisal.
- How much income does HEAD HONCHO STATE generate in a year?
- HEAD HONCHO STATE is forecast to net about $1.1M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in HEAD HONCHO STATE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Conocophillips Company |
|---|---|
| Field | Ford, West (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 292902 |
| Wellbores | 1 |
| Reported production | 6,135,126 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.3M |
Where HEAD HONCHO STATE 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.