CATHEY 2
CATHEY 2 is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Apache Corporation. It has 3 wellbores on file with the Commission. Reported production runs from March 2010 to August 2026, totalling 276,651 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 $432K, with roughly $83K 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 70 barrels a month, about 23 per wellbore. Its strongest month on the record we hold was October 2016, at 1,593 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 CATHEY 2
- Who operates CATHEY 2?
- CATHEY 2 is operated by Apache Corporation, Railroad Commission of Texas operator number 027200.
- Where is CATHEY 2?
- CATHEY 2 is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 40059.
- Is CATHEY 2 still producing?
- CATHEY 2 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CATHEY 2 is August 2026.
- How much has CATHEY 2 produced?
- CATHEY 2 has reported 276,651 barrels of oil (bbl) to the Railroad Commission of Texas between March 2010 and August 2026, from 3 wellbores.
- How much is CATHEY 2 worth?
- The remaining production from CATHEY 2 is estimated to be worth about $432K in total as of 26 August 2026, within a range of $237K to $626K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CATHEY 2 is a fraction of it. The estimate fits an Arps decline curve to the production CATHEY 2 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CATHEY 2 is an estimate of value, not an offer and not an appraisal.
- How much income does CATHEY 2 generate in a year?
- CATHEY 2 is forecast to net about $83K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CATHEY 2 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Apache Corporation |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 40059 |
| Wellbores | 3 |
| Reported production | 276,651 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $432K |
Where CATHEY 2 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.