CLEVELAND, WAYNE ET AL "C"
CLEVELAND, WAYNE ET AL "C" is a Texas oil lease in Hemphill County, Railroad Commission district 10, operated by Maxus Exploration Company. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 29,768 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 $326K, with roughly $50K 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 36 barrels a month, about 12 per wellbore. Its strongest month on the record we hold was July 2018, at 100 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 CLEVELAND, WAYNE ET AL "C"
- Who operates CLEVELAND, WAYNE ET AL "C"?
- CLEVELAND, WAYNE ET AL "C" is operated by Maxus Exploration Company, Railroad Commission of Texas operator number 534237.
- Where is CLEVELAND, WAYNE ET AL "C"?
- CLEVELAND, WAYNE ET AL "C" is a Texas oil lease in Hemphill County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 03831.
- Is CLEVELAND, WAYNE ET AL "C" still producing?
- CLEVELAND, WAYNE ET AL "C" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CLEVELAND, WAYNE ET AL "C" is August 2026.
- How much has CLEVELAND, WAYNE ET AL "C" produced?
- CLEVELAND, WAYNE ET AL "C" has reported 29,768 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is CLEVELAND, WAYNE ET AL "C" worth?
- The remaining production from CLEVELAND, WAYNE ET AL "C" is estimated to be worth about $326K in total as of 27 August 2026, within a range of $179K to $473K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CLEVELAND, WAYNE ET AL "C" is a fraction of it. The estimate fits an Arps decline curve to the production CLEVELAND, WAYNE ET AL "C" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CLEVELAND, WAYNE ET AL "C" is an estimate of value, not an offer and not an appraisal.
- How much income does CLEVELAND, WAYNE ET AL "C" generate in a year?
- CLEVELAND, WAYNE ET AL "C" is forecast to net about $50K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CLEVELAND, WAYNE ET AL "C" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Maxus Exploration Company |
|---|---|
| Field | Big Timber Creek (Douglas) |
| County | Hemphill County, Texas |
| RRC district | 10 |
| Lease number | 03831 |
| Wellbores | 3 |
| Reported production | 29,768 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $326K |
Where CLEVELAND, WAYNE ET AL "C" 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.