FREEMAN, CHARLES
FREEMAN, CHARLES is a Texas oil lease in Caldwell County, Railroad Commission district 01, operated by O.G.O. Refining. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 5,103 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 $46K, with roughly $9K 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 11 barrels a month. Its strongest month on the record we hold was May 2016, at 33 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 FREEMAN, CHARLES
- Who operates FREEMAN, CHARLES?
- FREEMAN, CHARLES is operated by O.G.O. Refining, Railroad Commission of Texas operator number 617058.
- Where is FREEMAN, CHARLES?
- FREEMAN, CHARLES is a Texas oil lease in Caldwell County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 08986.
- Is FREEMAN, CHARLES still producing?
- FREEMAN, CHARLES is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FREEMAN, CHARLES is August 2026.
- How much has FREEMAN, CHARLES produced?
- FREEMAN, CHARLES has reported 5,103 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is FREEMAN, CHARLES worth?
- The remaining production from FREEMAN, CHARLES is estimated to be worth about $46K in total as of 26 August 2026, within a range of $25K to $66K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FREEMAN, CHARLES is a fraction of it. The estimate fits an Arps decline curve to the production FREEMAN, CHARLES has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FREEMAN, CHARLES is an estimate of value, not an offer and not an appraisal.
- How much income does FREEMAN, CHARLES generate in a year?
- FREEMAN, CHARLES is forecast to net about $9K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in FREEMAN, CHARLES receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | O.G.O. Refining |
|---|---|
| Field | Salt Flat |
| County | Caldwell County, Texas |
| RRC district | 01 |
| Lease number | 08986 |
| Wellbores | 1 |
| Reported production | 5,103 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $46K |
Where FREEMAN, CHARLES 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.