RICH
RICH is a Texas oil lease in Montague County, Railroad Commission district 09, operated by Cholla Petroleum, Inc. It has 3 wellbores on file with the Commission. Reported production runs from April 1998 to August 2026, totalling 30,855 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 $22K, with roughly $4K 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 6 barrels a month, about 2 per wellbore. Its strongest month on the record we hold was August 2021, at 65 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 RICH
- Who operates RICH?
- RICH is operated by Cholla Petroleum, Inc., Railroad Commission of Texas operator number 150683.
- Where is RICH?
- RICH is a Texas oil lease in Montague County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 29509.
- Is RICH still producing?
- RICH is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RICH is August 2026.
- How much has RICH produced?
- RICH has reported 30,855 barrels of oil (bbl) to the Railroad Commission of Texas between April 1998 and August 2026, from 3 wellbores.
- How much is RICH worth?
- The remaining production from RICH is estimated to be worth about $22K in total as of 26 August 2026, within a range of $0 to $44K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RICH is a fraction of it. The estimate fits an Arps decline curve to the production RICH has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RICH is an estimate of value, not an offer and not an appraisal.
- How much income does RICH generate in a year?
- RICH is forecast to net about $4K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RICH receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cholla Petroleum, Inc. |
|---|---|
| Field | Bowers (Granite Wash) |
| County | Montague County, Texas |
| RRC district | 09 |
| Lease number | 29509 |
| Wellbores | 3 |
| Reported production | 30,855 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $22K |
Where RICH 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.