REESE CLEVELAND
REESE CLEVELAND is a Texas oil lease in Terry County, Railroad Commission district 8A, operated by Chevron U. S. A. Inc. It has 13 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 667,763 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 $2.5M, with roughly $557K 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 871 barrels a month, about 67 per wellbore. Its strongest month on the record we hold was June 2016, at 1,532 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 REESE CLEVELAND
- Who operates REESE CLEVELAND?
- REESE CLEVELAND is operated by Chevron U. S. A. Inc., Railroad Commission of Texas operator number 148113.
- Where is REESE CLEVELAND?
- REESE CLEVELAND is a Texas oil lease in Terry County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 61692.
- Is REESE CLEVELAND still producing?
- REESE CLEVELAND is currently producing. The most recent month of production reported to the Railroad Commission of Texas for REESE CLEVELAND is August 2026.
- How much has REESE CLEVELAND produced?
- REESE CLEVELAND has reported 667,763 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 13 wellbores.
- How much is REESE CLEVELAND worth?
- The remaining production from REESE CLEVELAND is estimated to be worth about $2.5M in total as of 26 August 2026, within a range of $1.9M to $3.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in REESE CLEVELAND is a fraction of it. The estimate fits an Arps decline curve to the production REESE CLEVELAND has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for REESE CLEVELAND is an estimate of value, not an offer and not an appraisal.
- How much income does REESE CLEVELAND generate in a year?
- REESE CLEVELAND is forecast to net about $557K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in REESE CLEVELAND receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chevron U. S. A. Inc. |
|---|---|
| Field | Kingdom (Abo Reef) |
| County | Terry County, Texas |
| RRC district | 8A |
| Lease number | 61692 |
| Wellbores | 13 |
| Reported production | 667,763 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.5M |
Where REESE CLEVELAND 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.