HEREFORD -T-
HEREFORD -T- is a Texas gas lease in Webb County, Railroad Commission district 04, operated by North Central Oil Corp. It has 1 wellbore on file with the Commission. Reported production runs from April 1998 to August 2026, totalling 6,276,899 thousand cubic feet. 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 $470K, with roughly $79K 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 3,013 thousand cubic feet a month. Its strongest month on the record we hold was January 2017, at 5,925 thousand cubic feet. 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 HEREFORD -T-
- Who operates HEREFORD -T-?
- HEREFORD -T- is operated by North Central Oil Corp., Railroad Commission of Texas operator number 613760.
- Where is HEREFORD -T-?
- HEREFORD -T- is a Texas gas lease in Webb County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 168181.
- Is HEREFORD -T- still producing?
- HEREFORD -T- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HEREFORD -T- is August 2026.
- How much has HEREFORD -T- produced?
- HEREFORD -T- has reported 6,276,899 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between April 1998 and August 2026, from 1 wellbore.
- How much is HEREFORD -T- worth?
- The remaining production from HEREFORD -T- is estimated to be worth about $470K in total as of 26 August 2026, within a range of $390K to $550K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HEREFORD -T- is a fraction of it. The estimate fits an Arps decline curve to the production HEREFORD -T- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HEREFORD -T- is an estimate of value, not an offer and not an appraisal.
- How much income does HEREFORD -T- generate in a year?
- HEREFORD -T- is forecast to net about $79K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HEREFORD -T- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | North Central Oil Corp. |
|---|---|
| Field | Bashara-Hereford (7300) |
| County | Webb County, Texas |
| RRC district | 04 |
| Lease number | 168181 |
| Wellbores | 1 |
| Reported production | 6,276,899 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $470K |
Where HEREFORD -T- 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.