KAGG
KAGG is a Texas oil lease in Grimes County, Railroad Commission district 03, operated by CML Exploration, LLC. It has 2 wellbores on file with the Commission. Reported production runs from June 2012 to August 2026, totalling 369,024 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 $898K, with roughly $259K 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 318 barrels a month, about 159 per wellbore. Its strongest month on the record we hold was June 2016, at 1,542 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 KAGG
- Who operates KAGG?
- KAGG is operated by CML Exploration, LLC, Railroad Commission of Texas operator number 120648.
- Where is KAGG?
- KAGG is a Texas oil lease in Grimes County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 25957.
- Is KAGG still producing?
- KAGG is currently producing. The most recent month of production reported to the Railroad Commission of Texas for KAGG is August 2026.
- How much has KAGG produced?
- KAGG has reported 369,024 barrels of oil (bbl) to the Railroad Commission of Texas between June 2012 and August 2026, from 2 wellbores.
- How much is KAGG worth?
- The remaining production from KAGG is estimated to be worth about $898K in total as of 26 August 2026, within a range of $700K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KAGG is a fraction of it. The estimate fits an Arps decline curve to the production KAGG has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for KAGG is an estimate of value, not an offer and not an appraisal.
- How much income does KAGG generate in a year?
- KAGG is forecast to net about $259K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in KAGG receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | CML Exploration, LLC |
|---|---|
| Field | Madisonville, W. (Woodbine -A-) |
| County | Grimes County, Texas |
| RRC district | 03 |
| Lease number | 25957 |
| Wellbores | 2 |
| Reported production | 369,024 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $898K |
Where KAGG 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.