CARDINAL
CARDINAL is a Texas oil lease in Hardeman County, Railroad Commission district 09, operated by Trio Consulting & Management,LLC. It has 1 wellbore on file with the Commission. Reported production runs from January 2025 to August 2026, totalling 6,482 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 $345K, with roughly $66K 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 248 barrels a month. Its strongest month on the record we hold was May 2025, at 1,384 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 CARDINAL
- Who operates CARDINAL?
- CARDINAL is operated by Trio Consulting & Management,LLC, Railroad Commission of Texas operator number 870354.
- Where is CARDINAL?
- CARDINAL is a Texas oil lease in Hardeman County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 34373.
- Is CARDINAL still producing?
- CARDINAL is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CARDINAL is August 2026.
- How much has CARDINAL produced?
- CARDINAL has reported 6,482 barrels of oil (bbl) to the Railroad Commission of Texas between January 2025 and August 2026, from 1 wellbore.
- How much is CARDINAL worth?
- The remaining production from CARDINAL is estimated to be worth about $345K in total as of 26 August 2026, within a range of $269K to $421K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CARDINAL is a fraction of it. The estimate fits an Arps decline curve to the production CARDINAL has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CARDINAL is an estimate of value, not an offer and not an appraisal.
- How much income does CARDINAL generate in a year?
- CARDINAL is forecast to net about $66K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CARDINAL receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Trio Consulting & Management,LLC |
|---|---|
| Field | Independence (Miss) |
| County | Hardeman County, Texas |
| RRC district | 09 |
| Lease number | 34373 |
| Wellbores | 1 |
| Reported production | 6,482 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $345K |
Where CARDINAL 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.