HODGES -A- & -B-
HODGES -A- & -B- is a Texas oil lease in Wichita County, Railroad Commission district 09, operated by Altex Resources, Inc. It has 11 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 48,680 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 $544K, with roughly $105K 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 124 barrels a month, about 11 per wellbore. Its strongest month on the record we hold was April 2022, at 188 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 HODGES -A- & -B-
- Who operates HODGES -A- & -B-?
- HODGES -A- & -B- is operated by Altex Resources, Inc., Railroad Commission of Texas operator number 015728.
- Where is HODGES -A- & -B-?
- HODGES -A- & -B- is a Texas oil lease in Wichita County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 05191.
- Is HODGES -A- & -B- still producing?
- HODGES -A- & -B- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HODGES -A- & -B- is August 2026.
- How much has HODGES -A- & -B- produced?
- HODGES -A- & -B- has reported 48,680 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 11 wellbores.
- How much is HODGES -A- & -B- worth?
- The remaining production from HODGES -A- & -B- is estimated to be worth about $544K in total as of 27 August 2026, within a range of $424K to $664K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HODGES -A- & -B- is a fraction of it. The estimate fits an Arps decline curve to the production HODGES -A- & -B- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HODGES -A- & -B- is an estimate of value, not an offer and not an appraisal.
- How much income does HODGES -A- & -B- generate in a year?
- HODGES -A- & -B- is forecast to net about $105K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in HODGES -A- & -B- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Altex Resources, Inc. |
|---|---|
| Field | Wichita County Regular |
| County | Wichita County, Texas |
| RRC district | 09 |
| Lease number | 05191 |
| Wellbores | 11 |
| Reported production | 48,680 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $544K |
Where HODGES -A- & -B- 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.