CHARLES B
CHARLES B is a Texas oil lease in Dimmit County, Railroad Commission district 01, operated by CML Exploration, LLC. It has 1 wellbore on file with the Commission. Reported production runs from November 2016 to August 2026, totalling 70,943 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 $974K, with roughly $210K 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 347 barrels a month. Its strongest month on the record we hold was December 2016, at 7,924 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 CHARLES B
- Who operates CHARLES B?
- CHARLES B is operated by CML Exploration, LLC, Railroad Commission of Texas operator number 120648.
- Where is CHARLES B?
- CHARLES B is a Texas oil lease in Dimmit County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 18929.
- Is CHARLES B still producing?
- CHARLES B is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CHARLES B is August 2026.
- How much has CHARLES B produced?
- CHARLES B has reported 70,943 barrels of oil (bbl) to the Railroad Commission of Texas between November 2016 and August 2026, from 1 wellbore.
- How much is CHARLES B worth?
- The remaining production from CHARLES B is estimated to be worth about $974K in total as of 27 August 2026, within a range of $759K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CHARLES B is a fraction of it. The estimate fits an Arps decline curve to the production CHARLES B has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CHARLES B is an estimate of value, not an offer and not an appraisal.
- How much income does CHARLES B generate in a year?
- CHARLES B is forecast to net about $210K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CHARLES B receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | CML Exploration, LLC |
|---|---|
| Field | Pearsall (Buda, S.) |
| County | Dimmit County, Texas |
| RRC district | 01 |
| Lease number | 18929 |
| Wellbores | 1 |
| Reported production | 70,943 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $974K |
Where CHARLES B 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.