HEARD, CLEMENT
HEARD, CLEMENT is a Texas oil lease in Refugio County, Railroad Commission district 02, operated by Quintana Pet. Corp. It has 16 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 539,414 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 $701K, with roughly $165K 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 190 barrels a month, about 12 per wellbore. Its strongest month on the record we hold was October 2017, at 2,663 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 HEARD, CLEMENT
- Who operates HEARD, CLEMENT?
- HEARD, CLEMENT is operated by Quintana Pet. Corp., Railroad Commission of Texas operator number 685610.
- Where is HEARD, CLEMENT?
- HEARD, CLEMENT is a Texas oil lease in Refugio County, Texas, in Railroad Commission district 02. Its Railroad Commission lease number is 02523.
- Is HEARD, CLEMENT still producing?
- HEARD, CLEMENT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HEARD, CLEMENT is August 2026.
- How much has HEARD, CLEMENT produced?
- HEARD, CLEMENT has reported 539,414 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 16 wellbores.
- How much is HEARD, CLEMENT worth?
- The remaining production from HEARD, CLEMENT is estimated to be worth about $701K in total as of 26 August 2026, within a range of $547K to $855K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HEARD, CLEMENT is a fraction of it. The estimate fits an Arps decline curve to the production HEARD, CLEMENT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HEARD, CLEMENT is an estimate of value, not an offer and not an appraisal.
- How much income does HEARD, CLEMENT generate in a year?
- HEARD, CLEMENT is forecast to net about $165K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HEARD, CLEMENT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Quintana Pet. Corp. |
|---|---|
| Field | Tom Oconnor (4500 Greta Mass.) |
| County | Refugio County, Texas |
| RRC district | 02 |
| Lease number | 02523 |
| Wellbores | 16 |
| Reported production | 539,414 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $701K |
Where HEARD, CLEMENT 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.