HARDY-MIDDLETON UNIT
HARDY-MIDDLETON UNIT is a Texas oil lease in Wise County, Railroad Commission district 09, operated by Richey, Ray Management Co., Inc. It has 2 wellbores on file with the Commission. Reported production runs from January 2000 to August 2026, totalling 31,010 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 $549K, with roughly $106K 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 177 barrels a month, about 88 per wellbore. Its strongest month on the record we hold was September 2025, at 461 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 HARDY-MIDDLETON UNIT
- Who operates HARDY-MIDDLETON UNIT?
- HARDY-MIDDLETON UNIT is operated by Richey, Ray Management Co., Inc., Railroad Commission of Texas operator number 709694.
- Where is HARDY-MIDDLETON UNIT?
- HARDY-MIDDLETON UNIT is a Texas oil lease in Wise County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 29804.
- Is HARDY-MIDDLETON UNIT still producing?
- HARDY-MIDDLETON UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HARDY-MIDDLETON UNIT is August 2026.
- How much has HARDY-MIDDLETON UNIT produced?
- HARDY-MIDDLETON UNIT has reported 31,010 barrels of oil (bbl) to the Railroad Commission of Texas between January 2000 and August 2026, from 2 wellbores.
- How much is HARDY-MIDDLETON UNIT worth?
- The remaining production from HARDY-MIDDLETON UNIT is estimated to be worth about $549K in total as of 26 August 2026, within a range of $428K to $669K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HARDY-MIDDLETON UNIT is a fraction of it. The estimate fits an Arps decline curve to the production HARDY-MIDDLETON UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HARDY-MIDDLETON UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does HARDY-MIDDLETON UNIT generate in a year?
- HARDY-MIDDLETON UNIT is forecast to net about $106K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HARDY-MIDDLETON UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Richey, Ray Management Co., Inc. |
|---|---|
| Field | Risch, East (Caddo Congl.) |
| County | Wise County, Texas |
| RRC district | 09 |
| Lease number | 29804 |
| Wellbores | 2 |
| Reported production | 31,010 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $549K |
Where HARDY-MIDDLETON UNIT 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.