POSEY & BAKER (CHEVRON)
POSEY & BAKER (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 365,938 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 $898K, with roughly $285K 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 521 barrels a month, about 23 per wellbore. Its strongest month on the record we hold was January 2024, at 1,707 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 POSEY & BAKER (CHEVRON)
- Who operates POSEY & BAKER (CHEVRON)?
- POSEY & BAKER (CHEVRON) is operated by Meridian Oil Production Inc., Railroad Commission of Texas operator number 561133.
- Where is POSEY & BAKER (CHEVRON)?
- POSEY & BAKER (CHEVRON) is a Texas oil lease in Guadalupe County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 02780.
- Is POSEY & BAKER (CHEVRON) still producing?
- POSEY & BAKER (CHEVRON) is currently producing. The most recent month of production reported to the Railroad Commission of Texas for POSEY & BAKER (CHEVRON) is August 2026.
- How much has POSEY & BAKER (CHEVRON) produced?
- POSEY & BAKER (CHEVRON) has reported 365,938 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 23 wellbores.
- How much is POSEY & BAKER (CHEVRON) worth?
- The remaining production from POSEY & BAKER (CHEVRON) is estimated to be worth about $898K in total as of 27 August 2026, within a range of $701K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in POSEY & BAKER (CHEVRON) is a fraction of it. The estimate fits an Arps decline curve to the production POSEY & BAKER (CHEVRON) has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for POSEY & BAKER (CHEVRON) is an estimate of value, not an offer and not an appraisal.
- How much income does POSEY & BAKER (CHEVRON) generate in a year?
- POSEY & BAKER (CHEVRON) is forecast to net about $285K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in POSEY & BAKER (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 (Edwards) |
| County | Guadalupe County, Texas |
| RRC district | 01 |
| Lease number | 02780 |
| Wellbores | 23 |
| Reported production | 365,938 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $898K |
Where POSEY & BAKER (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.