CBR 40-56-1
CBR 40-56-1 is a Texas gas lease in Loving County, Railroad Commission district 08, operated by WPX Energy Permian, LLC. It has 1 wellbore on file with the Commission. Reported production runs from January 2020 to August 2026, totalling 784,330 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 $3.8M, with roughly $912K 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 6,462 thousand cubic feet a month. Its strongest month on the record we hold was February 2020, at 59,837 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 CBR 40-56-1
- Who operates CBR 40-56-1?
- CBR 40-56-1 is operated by WPX Energy Permian, LLC, Railroad Commission of Texas operator number 942623.
- Where is CBR 40-56-1?
- CBR 40-56-1 is a Texas gas lease in Loving County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 289115.
- Is CBR 40-56-1 still producing?
- CBR 40-56-1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CBR 40-56-1 is August 2026.
- How much has CBR 40-56-1 produced?
- CBR 40-56-1 has reported 784,330 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 2020 and August 2026, from 1 wellbore.
- How much is CBR 40-56-1 worth?
- The remaining production from CBR 40-56-1 is estimated to be worth about $3.8M in total as of 26 August 2026, within a range of $3.1M to $4.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CBR 40-56-1 is a fraction of it. The estimate fits an Arps decline curve to the production CBR 40-56-1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CBR 40-56-1 is an estimate of value, not an offer and not an appraisal.
- How much income does CBR 40-56-1 generate in a year?
- CBR 40-56-1 is forecast to net about $912K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CBR 40-56-1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | WPX Energy Permian, LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Loving County, Texas |
| RRC district | 08 |
| Lease number | 289115 |
| Wellbores | 1 |
| Reported production | 784,330 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.8M |
Where CBR 40-56-1 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.