CHAPMOND
CHAPMOND is a Texas oil lease in Runnels County, Railroad Commission district 7C, operated by Novo Exploration Corporation. It has 1 wellbore on file with the Commission. Reported production runs from March 2014 to August 2026, totalling 21,161 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 $203K, with roughly $39K 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 46 barrels a month. Its strongest month on the record we hold was August 2016, at 355 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 CHAPMOND
- Who operates CHAPMOND?
- CHAPMOND is operated by Novo Exploration Corporation, Railroad Commission of Texas operator number 615780.
- Where is CHAPMOND?
- CHAPMOND is a Texas oil lease in Runnels County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 18464.
- Is CHAPMOND still producing?
- CHAPMOND is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CHAPMOND is August 2026.
- How much has CHAPMOND produced?
- CHAPMOND has reported 21,161 barrels of oil (bbl) to the Railroad Commission of Texas between March 2014 and August 2026, from 1 wellbore.
- How much is CHAPMOND worth?
- The remaining production from CHAPMOND is estimated to be worth about $203K in total as of 26 August 2026, within a range of $112K to $295K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CHAPMOND is a fraction of it. The estimate fits an Arps decline curve to the production CHAPMOND has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CHAPMOND is an estimate of value, not an offer and not an appraisal.
- How much income does CHAPMOND generate in a year?
- CHAPMOND is forecast to net about $39K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CHAPMOND receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Novo Exploration Corporation |
|---|---|
| Field | Lucky Pierre |
| County | Runnels County, Texas |
| RRC district | 7C |
| Lease number | 18464 |
| Wellbores | 1 |
| Reported production | 21,161 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $203K |
Where CHAPMOND 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.