DIX, THOMAS (CHEVRON)
DIX, THOMAS (CHEVRON) is a Texas oil lease in Guadalupe County, Railroad Commission district 01, operated by Meridian Oil Production Inc. It has 23 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 112,433 barrels. The lease is intermittent. 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 $67K, with roughly $13K 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 9 barrels a month. Its strongest month on the record we hold was May 2016, at 156 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 DIX, THOMAS (CHEVRON)
- Who operates DIX, THOMAS (CHEVRON)?
- DIX, THOMAS (CHEVRON) is operated by Meridian Oil Production Inc., Railroad Commission of Texas operator number 561133.
- Where is DIX, THOMAS (CHEVRON)?
- DIX, THOMAS (CHEVRON) is a Texas oil lease in Guadalupe County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 02724.
- Is DIX, THOMAS (CHEVRON) still producing?
- DIX, THOMAS (CHEVRON) is intermittent. The most recent month of production reported to the Railroad Commission of Texas for DIX, THOMAS (CHEVRON) is August 2026.
- How much has DIX, THOMAS (CHEVRON) produced?
- DIX, THOMAS (CHEVRON) has reported 112,433 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 23 wellbores.
- How much is DIX, THOMAS (CHEVRON) worth?
- The remaining production from DIX, THOMAS (CHEVRON) is estimated to be worth about $67K in total as of 27 August 2026, within a range of $0 to $135K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DIX, THOMAS (CHEVRON) is a fraction of it. The estimate fits an Arps decline curve to the production DIX, THOMAS (CHEVRON) has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DIX, THOMAS (CHEVRON) is an estimate of value, not an offer and not an appraisal.
- How much income does DIX, THOMAS (CHEVRON) generate in a year?
- DIX, THOMAS (CHEVRON) is forecast to net about $13K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in DIX, THOMAS (CHEVRON) receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Meridian Oil Production Inc. |
|---|---|
| Field | Darst Creek (Buda) |
| County | Guadalupe County, Texas |
| RRC district | 01 |
| Lease number | 02724 |
| Wellbores | 23 |
| Reported production | 112,433 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $67K |
Where DIX, THOMAS (CHEVRON) 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.