NORTH CEDAR LAKE UNIT
NORTH CEDAR LAKE UNIT is a Texas oil lease in Gaines County, Railroad Commission district 8A, operated by Amoco Production Company. It has 24 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 964,103 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 $3.9M, with roughly $884K 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 1,347 barrels a month, about 56 per wellbore. Its strongest month on the record we hold was May 2018, at 1,972 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 NORTH CEDAR LAKE UNIT
- Who operates NORTH CEDAR LAKE UNIT?
- NORTH CEDAR LAKE UNIT is operated by Amoco Production Company, Railroad Commission of Texas operator number 020425.
- Where is NORTH CEDAR LAKE UNIT?
- NORTH CEDAR LAKE UNIT is a Texas oil lease in Gaines County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 17406.
- Is NORTH CEDAR LAKE UNIT still producing?
- NORTH CEDAR LAKE UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NORTH CEDAR LAKE UNIT is August 2026.
- How much has NORTH CEDAR LAKE UNIT produced?
- NORTH CEDAR LAKE UNIT has reported 964,103 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 24 wellbores.
- How much is NORTH CEDAR LAKE UNIT worth?
- The remaining production from NORTH CEDAR LAKE UNIT is estimated to be worth about $3.9M in total as of 27 August 2026, within a range of $3.2M to $4.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NORTH CEDAR LAKE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production NORTH CEDAR LAKE UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NORTH CEDAR LAKE UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does NORTH CEDAR LAKE UNIT generate in a year?
- NORTH CEDAR LAKE UNIT is forecast to net about $884K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in NORTH CEDAR LAKE UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Amoco Production Company |
|---|---|
| Field | Cedar Lake |
| County | Gaines County, Texas |
| RRC district | 8A |
| Lease number | 17406 |
| Wellbores | 24 |
| Reported production | 964,103 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.9M |
Where NORTH CEDAR LAKE UNIT 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.