NARADO
NARADO is a Texas oil lease in Cooke County, Railroad Commission district 09, operated by Seitz, J. R. & Adam, Ltd. It has 2 wellbores on file with the Commission. Reported production runs from March 2009 to August 2026, totalling 110,795 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 $934K, with roughly $180K 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 238 barrels a month, about 119 per wellbore. Its strongest month on the record we hold was January 2022, at 618 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 NARADO
- Who operates NARADO?
- NARADO is operated by Seitz, J. R. & Adam, Ltd., Railroad Commission of Texas operator number 764665.
- Where is NARADO?
- NARADO is a Texas oil lease in Cooke County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 31233.
- Is NARADO still producing?
- NARADO is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NARADO is August 2026.
- How much has NARADO produced?
- NARADO has reported 110,795 barrels of oil (bbl) to the Railroad Commission of Texas between March 2009 and August 2026, from 2 wellbores.
- How much is NARADO worth?
- The remaining production from NARADO is estimated to be worth about $934K in total as of 26 August 2026, within a range of $728K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NARADO is a fraction of it. The estimate fits an Arps decline curve to the production NARADO has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NARADO is an estimate of value, not an offer and not an appraisal.
- How much income does NARADO generate in a year?
- NARADO is forecast to net about $180K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NARADO receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Seitz, J. R. & Adam, Ltd. |
|---|---|
| Field | Seitz-Mcbride (Strawn) |
| County | Cooke County, Texas |
| RRC district | 09 |
| Lease number | 31233 |
| Wellbores | 2 |
| Reported production | 110,795 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $934K |
Where NARADO 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.