CHARLOTTE
CHARLOTTE is a Texas oil lease in Ector County, Railroad Commission district 08, operated by Exl Petroleum, LP. It has 14 wellbores on file with the Commission. Reported production runs from December 2007 to August 2026, totalling 486,817 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 $849K, with roughly $153K 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 179 barrels a month, about 13 per wellbore. Its strongest month on the record we hold was December 2016, at 2,348 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 CHARLOTTE
- Who operates CHARLOTTE?
- CHARLOTTE is operated by Exl Petroleum, LP, Railroad Commission of Texas operator number 256791.
- Where is CHARLOTTE?
- CHARLOTTE is a Texas oil lease in Ector County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 38726.
- Is CHARLOTTE still producing?
- CHARLOTTE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CHARLOTTE is August 2026.
- How much has CHARLOTTE produced?
- CHARLOTTE has reported 486,817 barrels of oil (bbl) to the Railroad Commission of Texas between December 2007 and August 2026, from 14 wellbores.
- How much is CHARLOTTE worth?
- The remaining production from CHARLOTTE is estimated to be worth about $849K in total as of 26 August 2026, within a range of $662K to $1.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CHARLOTTE is a fraction of it. The estimate fits an Arps decline curve to the production CHARLOTTE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CHARLOTTE is an estimate of value, not an offer and not an appraisal.
- How much income does CHARLOTTE generate in a year?
- CHARLOTTE is forecast to net about $153K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CHARLOTTE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Exl Petroleum, LP |
|---|---|
| Field | Sallie Ann (Spraberry-Wolfcamp) |
| County | Ector County, Texas |
| RRC district | 08 |
| Lease number | 38726 |
| Wellbores | 14 |
| Reported production | 486,817 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $849K |
Where CHARLOTTE 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.