CLEVELAND
CLEVELAND is a Texas oil lease in Grimes County, Railroad Commission district 03, operated by Devon Energy Production Co, L.P. It has 1 wellbore on file with the Commission. Reported production runs from March 2014 to August 2026, totalling 139,757 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 $1.6M, with roughly $343K 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 429 barrels a month. Its strongest month on the record we hold was December 2018, at 2,283 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 CLEVELAND
- Who operates CLEVELAND?
- CLEVELAND is operated by Devon Energy Production Co, L.P., Railroad Commission of Texas operator number 216378.
- Where is CLEVELAND?
- CLEVELAND is a Texas oil lease in Grimes County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 26719.
- Is CLEVELAND still producing?
- CLEVELAND is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CLEVELAND is August 2026.
- How much has CLEVELAND produced?
- CLEVELAND has reported 139,757 barrels of oil (bbl) to the Railroad Commission of Texas between March 2014 and August 2026, from 1 wellbore.
- How much is CLEVELAND worth?
- The remaining production from CLEVELAND is estimated to be worth about $1.6M in total as of 26 August 2026, within a range of $1.3M to $2.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CLEVELAND is a fraction of it. The estimate fits an Arps decline curve to the production CLEVELAND has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CLEVELAND is an estimate of value, not an offer and not an appraisal.
- How much income does CLEVELAND generate in a year?
- CLEVELAND is forecast to net about $343K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CLEVELAND receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Devon Energy Production Co, L.P. |
|---|---|
| Field | Madisonville, W. (Woodbine -A-) |
| County | Grimes County, Texas |
| RRC district | 03 |
| Lease number | 26719 |
| Wellbores | 1 |
| Reported production | 139,757 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.6M |
Where CLEVELAND 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.