HOBIE
HOBIE is a Texas oil lease in Ward County, Railroad Commission district 08, operated by Callon Petroleum Operating Co. It has 2 wellbores on file with the Commission. Reported production runs from September 2023 to August 2026, totalling 327,514 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 $669K, with roughly $534K 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 2,757 barrels a month, about 1,378 per wellbore. Its strongest month on the record we hold was October 2023, at 41,681 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 HOBIE
- Who operates HOBIE?
- HOBIE is operated by Callon Petroleum Operating Co, Railroad Commission of Texas operator number 124828.
- Where is HOBIE?
- HOBIE is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 60716.
- Is HOBIE still producing?
- HOBIE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HOBIE is August 2026.
- How much has HOBIE produced?
- HOBIE has reported 327,514 barrels of oil (bbl) to the Railroad Commission of Texas between September 2023 and August 2026, from 2 wellbores.
- How much is HOBIE worth?
- The remaining production from HOBIE is estimated to be worth about $669K in total as of 26 August 2026, within a range of $556K to $783K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HOBIE is a fraction of it. The estimate fits an Arps decline curve to the production HOBIE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HOBIE is an estimate of value, not an offer and not an appraisal.
- How much income does HOBIE generate in a year?
- HOBIE is forecast to net about $534K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HOBIE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Callon Petroleum Operating Co |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 60716 |
| Wellbores | 2 |
| Reported production | 327,514 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $669K |
Where HOBIE 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.