CHAPMAN STATE 32-41-3S
CHAPMAN STATE 32-41-3S is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Oxy USA WTP LP. It has 1 wellbore on file with the Commission. Reported production runs from September 2018 to August 2026, totalling 495,128 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 $3.4M, with roughly $734K 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 923 barrels a month. Its strongest month on the record we hold was October 2018, at 52,947 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 CHAPMAN STATE 32-41-3S
- Who operates CHAPMAN STATE 32-41-3S?
- CHAPMAN STATE 32-41-3S is operated by Oxy USA WTP LP, Railroad Commission of Texas operator number 630555.
- Where is CHAPMAN STATE 32-41-3S?
- CHAPMAN STATE 32-41-3S is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 51023.
- Is CHAPMAN STATE 32-41-3S still producing?
- CHAPMAN STATE 32-41-3S is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CHAPMAN STATE 32-41-3S is August 2026.
- How much has CHAPMAN STATE 32-41-3S produced?
- CHAPMAN STATE 32-41-3S has reported 495,128 barrels of oil (bbl) to the Railroad Commission of Texas between September 2018 and August 2026, from 1 wellbore.
- How much is CHAPMAN STATE 32-41-3S worth?
- The remaining production from CHAPMAN STATE 32-41-3S is estimated to be worth about $3.4M in total as of 27 August 2026, within a range of $2.7M to $4.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CHAPMAN STATE 32-41-3S is a fraction of it. The estimate fits an Arps decline curve to the production CHAPMAN STATE 32-41-3S has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CHAPMAN STATE 32-41-3S is an estimate of value, not an offer and not an appraisal.
- How much income does CHAPMAN STATE 32-41-3S generate in a year?
- CHAPMAN STATE 32-41-3S is forecast to net about $734K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CHAPMAN STATE 32-41-3S receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Oxy USA WTP LP |
|---|---|
| Field | Wolfbone (Trend Area) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 51023 |
| Wellbores | 1 |
| Reported production | 495,128 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.4M |
Where CHAPMAN STATE 32-41-3S 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.