CATO
CATO is a Texas oil lease in Hardeman County, Railroad Commission district 09, operated by Decleva, Paul. It has 4 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 857,281 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 $2.4M, with roughly $546K 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 807 barrels a month, about 202 per wellbore. Its strongest month on the record we hold was June 2021, at 1,592 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 CATO
- Who operates CATO?
- CATO is operated by Decleva, Paul, Railroad Commission of Texas operator number 209380.
- Where is CATO?
- CATO is a Texas oil lease in Hardeman County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 24959.
- Is CATO still producing?
- CATO is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CATO is August 2026.
- How much has CATO produced?
- CATO has reported 857,281 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 4 wellbores.
- How much is CATO worth?
- The remaining production from CATO is estimated to be worth about $2.4M in total as of 26 August 2026, within a range of $1.9M to $2.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CATO is a fraction of it. The estimate fits an Arps decline curve to the production CATO has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CATO is an estimate of value, not an offer and not an appraisal.
- How much income does CATO generate in a year?
- CATO is forecast to net about $546K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CATO receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Decleva, Paul |
|---|---|
| Field | Lawler (Chappel) |
| County | Hardeman County, Texas |
| RRC district | 09 |
| Lease number | 24959 |
| Wellbores | 4 |
| Reported production | 857,281 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.4M |
Where CATO 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.