CONRAD
CONRAD is a Texas oil lease in Borden County, Railroad Commission district 8A, operated by Citation Oil & Gas Corp. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 485,311 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 $1.0M, with roughly $230K 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 369 barrels a month. Its strongest month on the record we hold was July 2025, at 690 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 CONRAD
- Who operates CONRAD?
- CONRAD is operated by Citation Oil & Gas Corp., Railroad Commission of Texas operator number 154235.
- Where is CONRAD?
- CONRAD is a Texas oil lease in Borden County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 60545.
- Is CONRAD still producing?
- CONRAD is intermittent. The most recent month of production reported to the Railroad Commission of Texas for CONRAD is August 2026.
- How much has CONRAD produced?
- CONRAD has reported 485,311 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is CONRAD worth?
- The remaining production from CONRAD is estimated to be worth about $1.0M in total as of 26 August 2026, within a range of $792K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CONRAD is a fraction of it. The estimate fits an Arps decline curve to the production CONRAD has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CONRAD is an estimate of value, not an offer and not an appraisal.
- How much income does CONRAD generate in a year?
- CONRAD is forecast to net about $230K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CONRAD receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Citation Oil & Gas Corp. |
|---|---|
| Field | Double -J- (Canyon Reef) |
| County | Borden County, Texas |
| RRC district | 8A |
| Lease number | 60545 |
| Wellbores | 1 |
| Reported production | 485,311 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.0M |
Where CONRAD 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.