CMC SNAPDRAGON 19-31 UNIT

CMC SNAPDRAGON 19-31 UNIT is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Chevron U. S. A. Inc. It has 14 wellbores on file with the Commission. Reported production runs from April 2023 to August 2026, totalling 3,137,499 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 $44.3M, with roughly $23.8M 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 51,836 barrels a month, about 3,703 per wellbore. Its strongest month on the record we hold was November 2023, at 306,478 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 SNAPDRAGON 19-31 UNIT

Who operates CMC SNAPDRAGON 19-31 UNIT?: CMC SNAPDRAGON 19-31 UNIT is operated by Chevron U. S. A. Inc., Railroad Commission of Texas operator number 148113.
Where is CMC SNAPDRAGON 19-31 UNIT?: CMC SNAPDRAGON 19-31 UNIT is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 59379.
Is CMC SNAPDRAGON 19-31 UNIT still producing?: CMC SNAPDRAGON 19-31 UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CMC SNAPDRAGON 19-31 UNIT is August 2026.
How much has CMC SNAPDRAGON 19-31 UNIT produced?: CMC SNAPDRAGON 19-31 UNIT has reported 3,137,499 barrels of oil (bbl) to the Railroad Commission of Texas between April 2023 and August 2026, from 14 wellbores.
How much is CMC SNAPDRAGON 19-31 UNIT worth?: The remaining production from CMC SNAPDRAGON 19-31 UNIT is estimated to be worth about $44.3M in total as of 27 August 2026, within a range of $36.3M to $52.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CMC SNAPDRAGON 19-31 UNIT is a fraction of it. The estimate fits an Arps decline curve to the production CMC SNAPDRAGON 19-31 UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CMC SNAPDRAGON 19-31 UNIT is an estimate of value, not an offer and not an appraisal.
How much income does CMC SNAPDRAGON 19-31 UNIT generate in a year?: CMC SNAPDRAGON 19-31 UNIT is forecast to net about $23.8M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CMC SNAPDRAGON 19-31 UNIT receives a fraction of that, set by the decimal interest printed on their check stub.

Lease record

CMC SNAPDRAGON 19-31 UNIT as filed with the Railroad Commission of Texas
Operator	Chevron U. S. A. Inc.
Field	Spraberry (Trend Area)
County	Midland County, Texas
RRC district	08
Lease number	59379
Wellbores	14
Reported production	3,137,499 bbl
First reported	April 2023
Last reported	August 2026
Estimated royalty value	$44.3M

Where CMC SNAPDRAGON 19-31 UNIT sits

Source: Railroad Commission of Texas lease production records, complete through August 2026. Figures on this page were computed on 27 August 2026.

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.