CHEVRON MINERALS 41
CHEVRON MINERALS 41 is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Thompson, J. Cleo. It has 5 wellbores on file with the Commission. Reported production runs from December 2010 to August 2026, totalling 575,329 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 $2.5M, with roughly $567K 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 883 barrels a month, about 177 per wellbore. Its strongest month on the record we hold was August 2018, at 36,302 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 41
- Who operates CHEVRON MINERALS 41?
- CHEVRON MINERALS 41 is operated by Thompson, J. Cleo, Railroad Commission of Texas operator number 855610.
- Where is CHEVRON MINERALS 41?
- CHEVRON MINERALS 41 is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 40370.
- Is CHEVRON MINERALS 41 still producing?
- CHEVRON MINERALS 41 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CHEVRON MINERALS 41 is August 2026.
- How much has CHEVRON MINERALS 41 produced?
- CHEVRON MINERALS 41 has reported 575,329 barrels of oil (bbl) to the Railroad Commission of Texas between December 2010 and August 2026, from 5 wellbores.
- How much is CHEVRON MINERALS 41 worth?
- The remaining production from CHEVRON MINERALS 41 is estimated to be worth about $2.5M in total as of 26 August 2026, within a range of $2.0M to $3.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CHEVRON MINERALS 41 is a fraction of it. The estimate fits an Arps decline curve to the production CHEVRON MINERALS 41 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 41 is an estimate of value, not an offer and not an appraisal.
- How much income does CHEVRON MINERALS 41 generate in a year?
- CHEVRON MINERALS 41 is forecast to net about $567K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CHEVRON MINERALS 41 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 | 40370 |
| Wellbores | 5 |
| Reported production | 575,329 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.5M |
Where CHEVRON MINERALS 41 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.