HEARD
HEARD is a Texas oil lease in Starr County, Railroad Commission district 04, operated by Noble Energy Inc. It has 2 wellbores on file with the Commission. Reported production runs from June 2006 to August 2026, totalling 19,747 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 $633K, with roughly $122K 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 198 barrels a month, about 99 per wellbore. Its strongest month on the record we hold was January 2025, at 421 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
- Who operates HEARD?
- HEARD is operated by Noble Energy Inc, Railroad Commission of Texas operator number 611665.
- Where is HEARD?
- HEARD is a Texas oil lease in Starr County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 13399.
- Is HEARD still producing?
- HEARD is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HEARD is August 2026.
- How much has HEARD produced?
- HEARD has reported 19,747 barrels of oil (bbl) to the Railroad Commission of Texas between June 2006 and August 2026, from 2 wellbores.
- How much is HEARD worth?
- The remaining production from HEARD is estimated to be worth about $633K in total as of 26 August 2026, within a range of $494K to $772K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HEARD is a fraction of it. The estimate fits an Arps decline curve to the production HEARD has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HEARD is an estimate of value, not an offer and not an appraisal.
- How much income does HEARD generate in a year?
- HEARD is forecast to net about $122K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HEARD receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Noble Energy Inc |
|---|---|
| Field | Rincon, E. (Frio 4200) |
| County | Starr County, Texas |
| RRC district | 04 |
| Lease number | 13399 |
| Wellbores | 2 |
| Reported production | 19,747 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $633K |
Where HEARD 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.