BARNETT
BARNETT is a Texas oil lease in Runnels County, Railroad Commission district 7C, operated by Hanson Corporation. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 32,352 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 $247K, with roughly $47K 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 52 barrels a month. Its strongest month on the record we hold was July 2025, at 105 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 BARNETT
- Who operates BARNETT?
- BARNETT is operated by Hanson Corporation, Railroad Commission of Texas operator number 355347.
- Where is BARNETT?
- BARNETT is a Texas oil lease in Runnels County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 12039.
- Is BARNETT still producing?
- BARNETT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BARNETT is August 2026.
- How much has BARNETT produced?
- BARNETT has reported 32,352 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is BARNETT worth?
- The remaining production from BARNETT is estimated to be worth about $247K in total as of 26 August 2026, within a range of $136K to $358K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BARNETT is a fraction of it. The estimate fits an Arps decline curve to the production BARNETT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BARNETT is an estimate of value, not an offer and not an appraisal.
- How much income does BARNETT generate in a year?
- BARNETT is forecast to net about $47K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BARNETT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Hanson Corporation |
|---|---|
| Field | Elkson (Cross Cut Sand) |
| County | Runnels County, Texas |
| RRC district | 7C |
| Lease number | 12039 |
| Wellbores | 1 |
| Reported production | 32,352 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $247K |
Where BARNETT 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.