HODGES '204'
HODGES '204' is a Texas oil lease in Roberts County, Railroad Commission district 10, operated by Mewbourne Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from March 2013 to August 2026, totalling 39,984 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 $576K, with roughly $98K 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 83 barrels a month. Its strongest month on the record we hold was June 2017, at 749 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 HODGES '204'
- Who operates HODGES '204'?
- HODGES '204' is operated by Mewbourne Oil Company, Railroad Commission of Texas operator number 562560.
- Where is HODGES '204'?
- HODGES '204' is a Texas oil lease in Roberts County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 08861.
- Is HODGES '204' still producing?
- HODGES '204' is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HODGES '204' is August 2026.
- How much has HODGES '204' produced?
- HODGES '204' has reported 39,984 barrels of oil (bbl) to the Railroad Commission of Texas between March 2013 and August 2026, from 1 wellbore.
- How much is HODGES '204' worth?
- The remaining production from HODGES '204' is estimated to be worth about $576K in total as of 26 August 2026, within a range of $317K to $835K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HODGES '204' is a fraction of it. The estimate fits an Arps decline curve to the production HODGES '204' has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HODGES '204' is an estimate of value, not an offer and not an appraisal.
- How much income does HODGES '204' generate in a year?
- HODGES '204' is forecast to net about $98K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HODGES '204' receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mewbourne Oil Company |
|---|---|
| Field | Pan Petro (Cleveland) |
| County | Roberts County, Texas |
| RRC district | 10 |
| Lease number | 08861 |
| Wellbores | 1 |
| Reported production | 39,984 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $576K |
Where HODGES '204' 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.