PEELER UNIT III MCM
PEELER UNIT III MCM is a Texas oil lease in Mcmullen County, Railroad Commission district 01, operated by Chesapeake Operating, L.L.C. It has 3 wellbores on file with the Commission. Reported production runs from December 2014 to August 2026, totalling 537,320 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 $671K, with roughly $222K 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 473 barrels a month, about 158 per wellbore. Its strongest month on the record we hold was August 2016, at 59,807 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 PEELER UNIT III MCM
- Who operates PEELER UNIT III MCM?
- PEELER UNIT III MCM is operated by Chesapeake Operating, L.L.C., Railroad Commission of Texas operator number 147699.
- Where is PEELER UNIT III MCM?
- PEELER UNIT III MCM is a Texas oil lease in Mcmullen County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 18502.
- Is PEELER UNIT III MCM still producing?
- PEELER UNIT III MCM is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PEELER UNIT III MCM is August 2026.
- How much has PEELER UNIT III MCM produced?
- PEELER UNIT III MCM has reported 537,320 barrels of oil (bbl) to the Railroad Commission of Texas between December 2014 and August 2026, from 3 wellbores.
- How much is PEELER UNIT III MCM worth?
- The remaining production from PEELER UNIT III MCM is estimated to be worth about $671K in total as of 26 August 2026, within a range of $523K to $818K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PEELER UNIT III MCM is a fraction of it. The estimate fits an Arps decline curve to the production PEELER UNIT III MCM has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PEELER UNIT III MCM is an estimate of value, not an offer and not an appraisal.
- How much income does PEELER UNIT III MCM generate in a year?
- PEELER UNIT III MCM is forecast to net about $222K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PEELER UNIT III MCM receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chesapeake Operating, L.L.C. |
|---|---|
| Field | Eagleville (Eagle Ford-1) |
| County | Mcmullen County, Texas |
| RRC district | 01 |
| Lease number | 18502 |
| Wellbores | 3 |
| Reported production | 537,320 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $671K |
Where PEELER UNIT III MCM 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.