CHOATE FEE LOT NO. 4

CHOATE FEE LOT NO. 4 is a Texas oil lease in Hardin County, Railroad Commission district 03, operated by Crebbs Oil Company. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 47,021 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 $742K, with roughly $251K 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 156 barrels a month, about 52 per wellbore. Its strongest month on the record we hold was February 2026, at 518 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 CHOATE FEE LOT NO. 4

Who operates CHOATE FEE LOT NO. 4?: CHOATE FEE LOT NO. 4 is operated by Crebbs Oil Company, Railroad Commission of Texas operator number 186968.
Where is CHOATE FEE LOT NO. 4?: CHOATE FEE LOT NO. 4 is a Texas oil lease in Hardin County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 00212.
Is CHOATE FEE LOT NO. 4 still producing?: CHOATE FEE LOT NO. 4 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CHOATE FEE LOT NO. 4 is August 2026.
How much has CHOATE FEE LOT NO. 4 produced?: CHOATE FEE LOT NO. 4 has reported 47,021 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
How much is CHOATE FEE LOT NO. 4 worth?: The remaining production from CHOATE FEE LOT NO. 4 is estimated to be worth about $742K in total as of 26 August 2026, within a range of $579K to $905K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CHOATE FEE LOT NO. 4 is a fraction of it. The estimate fits an Arps decline curve to the production CHOATE FEE LOT NO. 4 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CHOATE FEE LOT NO. 4 is an estimate of value, not an offer and not an appraisal.
How much income does CHOATE FEE LOT NO. 4 generate in a year?: CHOATE FEE LOT NO. 4 is forecast to net about $251K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CHOATE FEE LOT NO. 4 receives a fraction of that, set by the decimal interest printed on their check stub.

Lease record

CHOATE FEE LOT NO. 4 as filed with the Railroad Commission of Texas
Operator	Crebbs Oil Company
Field	Batson New
County	Hardin County, Texas
RRC district	03
Lease number	00212
Wellbores	3
Reported production	47,021 bbl
First reported	January 1993
Last reported	August 2026
Estimated royalty value	$742K

Where CHOATE FEE LOT NO. 4 sits

Source: Railroad Commission of Texas lease production records, complete through August 2026. Figures on this page were computed on 26 August 2026.

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.