CONNELL CANYON UNIT
CONNELL CANYON UNIT is a Texas oil lease in Garza County, Railroad Commission district 8A, operated by Cholla Petroleum, Inc. It has 1 wellbore on file with the Commission. Reported production runs from June 2017 to August 2026, totalling 41,533 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 $1.5M, with roughly $345K 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 590 barrels a month. Its strongest month on the record we hold was April 2026, at 998 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 CONNELL CANYON UNIT
- Who operates CONNELL CANYON UNIT?
- CONNELL CANYON UNIT is operated by Cholla Petroleum, Inc., Railroad Commission of Texas operator number 150683.
- Where is CONNELL CANYON UNIT?
- CONNELL CANYON UNIT is a Texas oil lease in Garza County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 70578.
- Is CONNELL CANYON UNIT still producing?
- CONNELL CANYON UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CONNELL CANYON UNIT is August 2026.
- How much has CONNELL CANYON UNIT produced?
- CONNELL CANYON UNIT has reported 41,533 barrels of oil (bbl) to the Railroad Commission of Texas between June 2017 and August 2026, from 1 wellbore.
- How much is CONNELL CANYON UNIT worth?
- The remaining production from CONNELL CANYON UNIT is estimated to be worth about $1.5M in total as of 27 August 2026, within a range of $1.2M to $1.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CONNELL CANYON UNIT is a fraction of it. The estimate fits an Arps decline curve to the production CONNELL CANYON UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CONNELL CANYON UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does CONNELL CANYON UNIT generate in a year?
- CONNELL CANYON UNIT is forecast to net about $345K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CONNELL CANYON UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cholla Petroleum, Inc. |
|---|---|
| Field | Arlene (Glorieta) |
| County | Garza County, Texas |
| RRC district | 8A |
| Lease number | 70578 |
| Wellbores | 1 |
| Reported production | 41,533 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.5M |
Where CONNELL CANYON 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.