CHALK, OTIS
CHALK, OTIS is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Tradition Resources LLC. It has 42 wellbores on file with the Commission. Reported production runs from December 2011 to August 2026, totalling 482,882 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 $4.6M, with roughly $1.3M 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 1,880 barrels a month, about 45 per wellbore. Its strongest month on the record we hold was September 2018, at 4,453 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 CHALK, OTIS
- Who operates CHALK, OTIS?
- CHALK, OTIS is operated by Tradition Resources LLC, Railroad Commission of Texas operator number 864295.
- Where is CHALK, OTIS?
- CHALK, OTIS is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 41051.
- Is CHALK, OTIS still producing?
- CHALK, OTIS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CHALK, OTIS is August 2026.
- How much has CHALK, OTIS produced?
- CHALK, OTIS has reported 482,882 barrels of oil (bbl) to the Railroad Commission of Texas between December 2011 and August 2026, from 42 wellbores.
- How much is CHALK, OTIS worth?
- The remaining production from CHALK, OTIS is estimated to be worth about $4.6M in total as of 26 August 2026, within a range of $3.8M to $5.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CHALK, OTIS is a fraction of it. The estimate fits an Arps decline curve to the production CHALK, OTIS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CHALK, OTIS is an estimate of value, not an offer and not an appraisal.
- How much income does CHALK, OTIS generate in a year?
- CHALK, OTIS is forecast to net about $1.3M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CHALK, OTIS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Tradition Resources LLC |
|---|---|
| Field | Howard Glasscock (Consolidated) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 41051 |
| Wellbores | 42 |
| Reported production | 482,882 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.6M |
Where CHALK, OTIS 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.