KNOTTS
KNOTTS is a Texas oil lease in Grimes County, Railroad Commission district 03, operated by CML Exploration, LLC. It has 1 wellbore on file with the Commission. Reported production runs from August 2025 to August 2026, totalling 29,565 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 $1.7M, with roughly $711K 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 3,139 barrels a month. Its strongest month on the record we hold was September 2025, at 10,236 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 KNOTTS
- Who operates KNOTTS?
- KNOTTS is operated by CML Exploration, LLC, Railroad Commission of Texas operator number 120648.
- Where is KNOTTS?
- KNOTTS is a Texas oil lease in Grimes County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 28252.
- Is KNOTTS still producing?
- KNOTTS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for KNOTTS is August 2026.
- How much has KNOTTS produced?
- KNOTTS has reported 29,565 barrels of oil (bbl) to the Railroad Commission of Texas between August 2025 and August 2026, from 1 wellbore.
- How much is KNOTTS worth?
- The remaining production from KNOTTS is estimated to be worth about $1.7M in total as of 26 August 2026, within a range of $1.4M to $1.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KNOTTS is a fraction of it. The estimate fits an Arps decline curve to the production KNOTTS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for KNOTTS is an estimate of value, not an offer and not an appraisal.
- How much income does KNOTTS generate in a year?
- KNOTTS is forecast to net about $711K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in KNOTTS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | CML Exploration, LLC |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Grimes County, Texas |
| RRC district | 03 |
| Lease number | 28252 |
| Wellbores | 1 |
| Reported production | 29,565 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.7M |
Where KNOTTS 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.