CMC RIBEYE 34/35 E
CMC RIBEYE 34/35 E is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Chevron U. S. A. Inc. It has 3 wellbores on file with the Commission. Reported production runs from January 2025 to August 2026, totalling 416,850 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 $123.6M, with roughly $27.3M 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 31,509 barrels a month, about 10,503 per wellbore. Its strongest month on the record we hold was November 2025, at 57,944 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 RIBEYE 34/35 E
- Who operates CMC RIBEYE 34/35 E?
- CMC RIBEYE 34/35 E is operated by Chevron U. S. A. Inc., Railroad Commission of Texas operator number 148113.
- Where is CMC RIBEYE 34/35 E?
- CMC RIBEYE 34/35 E is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 63030.
- Is CMC RIBEYE 34/35 E still producing?
- CMC RIBEYE 34/35 E is intermittent. The most recent month of production reported to the Railroad Commission of Texas for CMC RIBEYE 34/35 E is August 2026.
- How much has CMC RIBEYE 34/35 E produced?
- CMC RIBEYE 34/35 E has reported 416,850 barrels of oil (bbl) to the Railroad Commission of Texas between January 2025 and August 2026, from 3 wellbores.
- How much is CMC RIBEYE 34/35 E worth?
- The remaining production from CMC RIBEYE 34/35 E is estimated to be worth about $123.6M in total as of 27 August 2026, within a range of $101.3M to $145.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CMC RIBEYE 34/35 E is a fraction of it. The estimate fits an Arps decline curve to the production CMC RIBEYE 34/35 E has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CMC RIBEYE 34/35 E is an estimate of value, not an offer and not an appraisal.
- How much income does CMC RIBEYE 34/35 E generate in a year?
- CMC RIBEYE 34/35 E is forecast to net about $27.3M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CMC RIBEYE 34/35 E 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 | 63030 |
| Wellbores | 3 |
| Reported production | 416,850 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $123.6M |
Where CMC RIBEYE 34/35 E 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.