HITTS LAKE UNIT
HITTS LAKE UNIT is a Texas oil lease in Smith County, Railroad Commission district 06, operated by Valence Operating Company. It has 46 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 1,870,312 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 $1.3M, with roughly $326K 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 447 barrels a month, about 10 per wellbore. Its strongest month on the record we hold was June 2016, at 4,154 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 HITTS LAKE UNIT
- Who operates HITTS LAKE UNIT?
- HITTS LAKE UNIT is operated by Valence Operating Company, Railroad Commission of Texas operator number 881167.
- Where is HITTS LAKE UNIT?
- HITTS LAKE UNIT is a Texas oil lease in Smith County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 05990.
- Is HITTS LAKE UNIT still producing?
- HITTS LAKE UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HITTS LAKE UNIT is August 2026.
- How much has HITTS LAKE UNIT produced?
- HITTS LAKE UNIT has reported 1,870,312 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 46 wellbores.
- How much is HITTS LAKE UNIT worth?
- The remaining production from HITTS LAKE UNIT is estimated to be worth about $1.3M in total as of 27 August 2026, within a range of $1.0M to $1.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HITTS LAKE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production HITTS LAKE UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HITTS LAKE UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does HITTS LAKE UNIT generate in a year?
- HITTS LAKE UNIT is forecast to net about $326K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in HITTS LAKE UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Valence Operating Company |
|---|---|
| Field | Hitts Lake (Paluxy) |
| County | Smith County, Texas |
| RRC district | 06 |
| Lease number | 05990 |
| Wellbores | 46 |
| Reported production | 1,870,312 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.3M |
Where HITTS LAKE UNIT 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.