HARRED
HARRED is a Texas oil lease in Terry County, Railroad Commission district 8A, operated by Pennzoil Petroleum Company. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 150,920 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 $770K, with roughly $148K 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 206 barrels a month, about 69 per wellbore. Its strongest month on the record we hold was December 2018, at 530 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 HARRED
- Who operates HARRED?
- HARRED is operated by Pennzoil Petroleum Company, Railroad Commission of Texas operator number 652365.
- Where is HARRED?
- HARRED is a Texas oil lease in Terry County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 60527.
- Is HARRED still producing?
- HARRED is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HARRED is August 2026.
- How much has HARRED produced?
- HARRED has reported 150,920 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is HARRED worth?
- The remaining production from HARRED is estimated to be worth about $770K in total as of 27 August 2026, within a range of $601K to $939K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HARRED is a fraction of it. The estimate fits an Arps decline curve to the production HARRED has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HARRED is an estimate of value, not an offer and not an appraisal.
- How much income does HARRED generate in a year?
- HARRED is forecast to net about $148K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in HARRED receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pennzoil Petroleum Company |
|---|---|
| Field | Welch |
| County | Terry County, Texas |
| RRC district | 8A |
| Lease number | 60527 |
| Wellbores | 3 |
| Reported production | 150,920 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $770K |
Where HARRED 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.