CHEVRON MINERALS 29
CHEVRON MINERALS 29 is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Thompson, J. Cleo. It has 4 wellbores on file with the Commission. Reported production runs from December 2010 to August 2026, totalling 308,448 barrels. The lease is intermittent. 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 $714K, with roughly $135K 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 115 barrels a month, about 29 per wellbore. Its strongest month on the record we hold was August 2016, at 2,673 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 CHEVRON MINERALS 29
- Who operates CHEVRON MINERALS 29?
- CHEVRON MINERALS 29 is operated by Thompson, J. Cleo, Railroad Commission of Texas operator number 855610.
- Where is CHEVRON MINERALS 29?
- CHEVRON MINERALS 29 is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 40365.
- Is CHEVRON MINERALS 29 still producing?
- CHEVRON MINERALS 29 is intermittent. The most recent month of production reported to the Railroad Commission of Texas for CHEVRON MINERALS 29 is August 2026.
- How much has CHEVRON MINERALS 29 produced?
- CHEVRON MINERALS 29 has reported 308,448 barrels of oil (bbl) to the Railroad Commission of Texas between December 2010 and August 2026, from 4 wellbores.
- How much is CHEVRON MINERALS 29 worth?
- The remaining production from CHEVRON MINERALS 29 is estimated to be worth about $714K in total as of 27 August 2026, within a range of $557K to $871K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CHEVRON MINERALS 29 is a fraction of it. The estimate fits an Arps decline curve to the production CHEVRON MINERALS 29 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CHEVRON MINERALS 29 is an estimate of value, not an offer and not an appraisal.
- How much income does CHEVRON MINERALS 29 generate in a year?
- CHEVRON MINERALS 29 is forecast to net about $135K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CHEVRON MINERALS 29 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Thompson, J. Cleo |
|---|---|
| Field | Wolfbone (Trend Area) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 40365 |
| Wellbores | 4 |
| Reported production | 308,448 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $714K |
Where CHEVRON MINERALS 29 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.