CARDWELL 52 1/2 AC.
CARDWELL 52 1/2 AC. is a Texas oil lease in Caldwell County, Railroad Commission district 01, operated by Cheatham, Joe R. Oil Co. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 6,493 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 $33K, with roughly $6K 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 5 barrels a month, about 2 per wellbore. Its strongest month on the record we hold was November 2025, at 38 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 CARDWELL 52 1/2 AC.
- Who operates CARDWELL 52 1/2 AC.?
- CARDWELL 52 1/2 AC. is operated by Cheatham, Joe R. Oil Co., Railroad Commission of Texas operator number 147130.
- Where is CARDWELL 52 1/2 AC.?
- CARDWELL 52 1/2 AC. is a Texas oil lease in Caldwell County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 01168.
- Is CARDWELL 52 1/2 AC. still producing?
- CARDWELL 52 1/2 AC. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CARDWELL 52 1/2 AC. is August 2026.
- How much has CARDWELL 52 1/2 AC. produced?
- CARDWELL 52 1/2 AC. has reported 6,493 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is CARDWELL 52 1/2 AC. worth?
- The remaining production from CARDWELL 52 1/2 AC. is estimated to be worth about $33K in total as of 27 August 2026, within a range of $0 to $67K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CARDWELL 52 1/2 AC. is a fraction of it. The estimate fits an Arps decline curve to the production CARDWELL 52 1/2 AC. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CARDWELL 52 1/2 AC. is an estimate of value, not an offer and not an appraisal.
- How much income does CARDWELL 52 1/2 AC. generate in a year?
- CARDWELL 52 1/2 AC. is forecast to net about $6K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CARDWELL 52 1/2 AC. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cheatham, Joe R. Oil Co. |
|---|---|
| Field | Lytton Springs |
| County | Caldwell County, Texas |
| RRC district | 01 |
| Lease number | 01168 |
| Wellbores | 3 |
| Reported production | 6,493 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $33K |
Where CARDWELL 52 1/2 AC. 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.