CHAFFIN
CHAFFIN is a Texas oil lease in Cooke County, Railroad Commission district 09, operated by Bayer, J.H. & Sons Inc. It has 22 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 87,378 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 $532K, with roughly $102K 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 152 barrels a month, about 7 per wellbore. Its strongest month on the record we hold was January 2019, at 1,001 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 CHAFFIN
- Who operates CHAFFIN?
- CHAFFIN is operated by Bayer, J.H. & Sons Inc, Railroad Commission of Texas operator number 057981.
- Where is CHAFFIN?
- CHAFFIN is a Texas oil lease in Cooke County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 01960.
- Is CHAFFIN still producing?
- CHAFFIN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CHAFFIN is August 2026.
- How much has CHAFFIN produced?
- CHAFFIN has reported 87,378 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 22 wellbores.
- How much is CHAFFIN worth?
- The remaining production from CHAFFIN is estimated to be worth about $532K in total as of 26 August 2026, within a range of $415K to $649K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CHAFFIN is a fraction of it. The estimate fits an Arps decline curve to the production CHAFFIN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CHAFFIN is an estimate of value, not an offer and not an appraisal.
- How much income does CHAFFIN generate in a year?
- CHAFFIN is forecast to net about $102K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CHAFFIN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Bayer, J.H. & Sons Inc |
|---|---|
| Field | Cooke County Regular |
| County | Cooke County, Texas |
| RRC district | 09 |
| Lease number | 01960 |
| Wellbores | 22 |
| Reported production | 87,378 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $532K |
Where CHAFFIN 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.