FEE
FEE is a Texas oil lease in Wichita County, Railroad Commission district 09, operated by Hammon Properties. It has 26 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 479,929 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 $1.0M, with roughly $229K 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 377 barrels a month, about 14 per wellbore. Its strongest month on the record we hold was October 2016, at 1,993 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 FEE
- Who operates FEE?
- FEE is operated by Hammon Properties, Railroad Commission of Texas operator number 350675.
- Where is FEE?
- FEE is a Texas oil lease in Wichita County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 06031.
- Is FEE still producing?
- FEE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FEE is August 2026.
- How much has FEE produced?
- FEE has reported 479,929 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 26 wellbores.
- How much is FEE worth?
- The remaining production from FEE is estimated to be worth about $1.0M in total as of 27 August 2026, within a range of $789K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FEE is a fraction of it. The estimate fits an Arps decline curve to the production FEE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FEE is an estimate of value, not an offer and not an appraisal.
- How much income does FEE generate in a year?
- FEE is forecast to net about $229K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in FEE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Hammon Properties |
|---|---|
| Field | K-M-A |
| County | Wichita County, Texas |
| RRC district | 09 |
| Lease number | 06031 |
| Wellbores | 26 |
| Reported production | 479,929 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.0M |
Where FEE 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.