HANKS UNIT
HANKS UNIT is a Texas oil lease in Stephens County, Railroad Commission district 7B, operated by Ridge Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 103,880 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 $869K, with roughly $167K 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 230 barrels a month. Its strongest month on the record we hold was October 2016, at 456 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 HANKS UNIT
- Who operates HANKS UNIT?
- HANKS UNIT is operated by Ridge Oil Company, Railroad Commission of Texas operator number 711100.
- Where is HANKS UNIT?
- HANKS UNIT is a Texas oil lease in Stephens County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 23368.
- Is HANKS UNIT still producing?
- HANKS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HANKS UNIT is August 2026.
- How much has HANKS UNIT produced?
- HANKS UNIT has reported 103,880 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is HANKS UNIT worth?
- The remaining production from HANKS UNIT is estimated to be worth about $869K in total as of 27 August 2026, within a range of $678K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HANKS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production HANKS UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HANKS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does HANKS UNIT generate in a year?
- HANKS UNIT is forecast to net about $167K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in HANKS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ridge Oil Company |
|---|---|
| Field | Stephens County Regular |
| County | Stephens County, Texas |
| RRC district | 7B |
| Lease number | 23368 |
| Wellbores | 1 |
| Reported production | 103,880 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $869K |
Where HANKS 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.