MHP
MHP is a Texas oil lease in Throckmorton County, Railroad Commission district 7B, operated by Romac Oil Company, Inc. It has 8 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 194,097 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 $310K, with roughly $49K 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 33 barrels a month, about 4 per wellbore. Its strongest month on the record we hold was July 2022, at 365 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 MHP
- Who operates MHP?
- MHP is operated by Romac Oil Company, Inc., Railroad Commission of Texas operator number 727003.
- Where is MHP?
- MHP is a Texas oil lease in Throckmorton County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 23246.
- Is MHP still producing?
- MHP is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MHP is August 2026.
- How much has MHP produced?
- MHP has reported 194,097 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 8 wellbores.
- How much is MHP worth?
- The remaining production from MHP is estimated to be worth about $310K in total as of 26 August 2026, within a range of $171K to $450K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MHP is a fraction of it. The estimate fits an Arps decline curve to the production MHP has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MHP is an estimate of value, not an offer and not an appraisal.
- How much income does MHP generate in a year?
- MHP is forecast to net about $49K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MHP receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Romac Oil Company, Inc. |
|---|---|
| Field | Mcknight (Mississippi) |
| County | Throckmorton County, Texas |
| RRC district | 7B |
| Lease number | 23246 |
| Wellbores | 8 |
| Reported production | 194,097 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $310K |
Where MHP 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.