JAMES (CADDO) UNIT
JAMES (CADDO) UNIT is a Texas oil lease in Young County, Railroad Commission district 09, operated by Merit Energy Company. It has 38 wellbores on file with the Commission. Reported production runs from November 1996 to August 2026, totalling 784,597 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 $2.4M, with roughly $542K 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 807 barrels a month, about 21 per wellbore. Its strongest month on the record we hold was January 2017, at 2,124 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 JAMES (CADDO) UNIT
- Who operates JAMES (CADDO) UNIT?
- JAMES (CADDO) UNIT is operated by Merit Energy Company, Railroad Commission of Texas operator number 561136.
- Where is JAMES (CADDO) UNIT?
- JAMES (CADDO) UNIT is a Texas oil lease in Young County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 29232.
- Is JAMES (CADDO) UNIT still producing?
- JAMES (CADDO) UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JAMES (CADDO) UNIT is August 2026.
- How much has JAMES (CADDO) UNIT produced?
- JAMES (CADDO) UNIT has reported 784,597 barrels of oil (bbl) to the Railroad Commission of Texas between November 1996 and August 2026, from 38 wellbores.
- How much is JAMES (CADDO) UNIT worth?
- The remaining production from JAMES (CADDO) UNIT is estimated to be worth about $2.4M in total as of 26 August 2026, within a range of $1.9M to $2.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JAMES (CADDO) UNIT is a fraction of it. The estimate fits an Arps decline curve to the production JAMES (CADDO) UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JAMES (CADDO) UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does JAMES (CADDO) UNIT generate in a year?
- JAMES (CADDO) UNIT is forecast to net about $542K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in JAMES (CADDO) UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Merit Energy Company |
|---|---|
| Field | I.M.U. (Caddo Cons.) |
| County | Young County, Texas |
| RRC district | 09 |
| Lease number | 29232 |
| Wellbores | 38 |
| Reported production | 784,597 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.4M |
Where JAMES (CADDO) UNIT 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.