CMC PEONY A
CMC PEONY A is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Chevron U. S. A. Inc. It has 4 wellbores on file with the Commission. Reported production runs from September 2019 to August 2026, totalling 1,668,057 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 $28.3M, with roughly $9.9M 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 20,217 barrels a month, about 5,054 per wellbore. Its strongest month on the record we hold was November 2024, at 55,300 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 CMC PEONY A
- Who operates CMC PEONY A?
- CMC PEONY A is operated by Chevron U. S. A. Inc., Railroad Commission of Texas operator number 148113.
- Where is CMC PEONY A?
- CMC PEONY A is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 53300.
- Is CMC PEONY A still producing?
- CMC PEONY A is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CMC PEONY A is August 2026.
- How much has CMC PEONY A produced?
- CMC PEONY A has reported 1,668,057 barrels of oil (bbl) to the Railroad Commission of Texas between September 2019 and August 2026, from 4 wellbores.
- How much is CMC PEONY A worth?
- The remaining production from CMC PEONY A is estimated to be worth about $28.3M in total as of 26 August 2026, within a range of $23.2M to $33.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CMC PEONY A is a fraction of it. The estimate fits an Arps decline curve to the production CMC PEONY A has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CMC PEONY A is an estimate of value, not an offer and not an appraisal.
- How much income does CMC PEONY A generate in a year?
- CMC PEONY A is forecast to net about $9.9M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CMC PEONY A receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chevron U. S. A. Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 53300 |
| Wellbores | 4 |
| Reported production | 1,668,057 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $28.3M |
Where CMC PEONY A 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.