CHOATE FEE LOT 3
CHOATE FEE LOT 3 is a Texas oil lease in Hardin County, Railroad Commission district 03, operated by Crebbs Oil Company. It has 14 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 29,717 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 $17K, with roughly $3K 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 6 barrels a month. Its strongest month on the record we hold was April 2023, at 129 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 CHOATE FEE LOT 3
- Who operates CHOATE FEE LOT 3?
- CHOATE FEE LOT 3 is operated by Crebbs Oil Company, Railroad Commission of Texas operator number 186968.
- Where is CHOATE FEE LOT 3?
- CHOATE FEE LOT 3 is a Texas oil lease in Hardin County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 07862.
- Is CHOATE FEE LOT 3 still producing?
- CHOATE FEE LOT 3 is intermittent. The most recent month of production reported to the Railroad Commission of Texas for CHOATE FEE LOT 3 is August 2026.
- How much has CHOATE FEE LOT 3 produced?
- CHOATE FEE LOT 3 has reported 29,717 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 14 wellbores.
- How much is CHOATE FEE LOT 3 worth?
- The remaining production from CHOATE FEE LOT 3 is estimated to be worth about $17K in total as of 27 August 2026, within a range of $0 to $33K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CHOATE FEE LOT 3 is a fraction of it. The estimate fits an Arps decline curve to the production CHOATE FEE LOT 3 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CHOATE FEE LOT 3 is an estimate of value, not an offer and not an appraisal.
- How much income does CHOATE FEE LOT 3 generate in a year?
- CHOATE FEE LOT 3 is forecast to net about $3K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CHOATE FEE LOT 3 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Crebbs Oil Company |
|---|---|
| Field | Batson New |
| County | Hardin County, Texas |
| RRC district | 03 |
| Lease number | 07862 |
| Wellbores | 14 |
| Reported production | 29,717 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $17K |
Where CHOATE FEE LOT 3 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.