HODGES
HODGES is a Texas oil lease in Sterling County, Railroad Commission district 08, operated by Oxy USA Inc. It has 1 wellbore on file with the Commission. Reported production runs from March 2014 to August 2026, totalling 40,316 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 $427K, with roughly $82K 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 124 barrels a month. Its strongest month on the record we hold was March 2023, at 1,444 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 HODGES
- Who operates HODGES?
- HODGES is operated by Oxy USA Inc., Railroad Commission of Texas operator number 630591.
- Where is HODGES?
- HODGES is a Texas oil lease in Sterling County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 45153.
- Is HODGES still producing?
- HODGES is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HODGES is August 2026.
- How much has HODGES produced?
- HODGES has reported 40,316 barrels of oil (bbl) to the Railroad Commission of Texas between March 2014 and August 2026, from 1 wellbore.
- How much is HODGES worth?
- The remaining production from HODGES is estimated to be worth about $427K in total as of 26 August 2026, within a range of $333K to $522K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HODGES is a fraction of it. The estimate fits an Arps decline curve to the production HODGES has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HODGES is an estimate of value, not an offer and not an appraisal.
- How much income does HODGES generate in a year?
- HODGES is forecast to net about $82K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HODGES receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Oxy USA Inc. |
|---|---|
| Field | Garden City, S. (Wolfcamp) |
| County | Sterling County, Texas |
| RRC district | 08 |
| Lease number | 45153 |
| Wellbores | 1 |
| Reported production | 40,316 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $427K |
Where HODGES 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.