CVX ALLOCATION
CVX ALLOCATION is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by SM Energy Company. It has 1 wellbore on file with the Commission. Reported production runs from December 2014 to August 2026, totalling 322,685 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 $480K, with roughly $79K 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 51 barrels a month. Its strongest month on the record we hold was August 2017, at 5,675 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 CVX ALLOCATION
- Who operates CVX ALLOCATION?
- CVX ALLOCATION is operated by SM Energy Company, Railroad Commission of Texas operator number 788997.
- Where is CVX ALLOCATION?
- CVX ALLOCATION is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 18884.
- Is CVX ALLOCATION still producing?
- CVX ALLOCATION is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CVX ALLOCATION is August 2026.
- How much has CVX ALLOCATION produced?
- CVX ALLOCATION has reported 322,685 barrels of oil (bbl) to the Railroad Commission of Texas between December 2014 and August 2026, from 1 wellbore.
- How much is CVX ALLOCATION worth?
- The remaining production from CVX ALLOCATION is estimated to be worth about $480K in total as of 26 August 2026, within a range of $264K to $696K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CVX ALLOCATION is a fraction of it. The estimate fits an Arps decline curve to the production CVX ALLOCATION has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CVX ALLOCATION is an estimate of value, not an offer and not an appraisal.
- How much income does CVX ALLOCATION generate in a year?
- CVX ALLOCATION is forecast to net about $79K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CVX ALLOCATION receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | SM Energy Company |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 18884 |
| Wellbores | 1 |
| Reported production | 322,685 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $480K |
Where CVX ALLOCATION 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.