CADE FREEMAN UNIT
CADE FREEMAN UNIT is a Texas oil lease in Jones County, Railroad Commission district 7B, operated by Sojourner Drilling Corporation. It has 1 wellbore on file with the Commission. Reported production runs from December 2022 to August 2026, totalling 1,500 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 $69K, with roughly $13K 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 19 barrels a month. Its strongest month on the record we hold was December 2022, at 140 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 CADE FREEMAN UNIT
- Who operates CADE FREEMAN UNIT?
- CADE FREEMAN UNIT is operated by Sojourner Drilling Corporation, Railroad Commission of Texas operator number 800750.
- Where is CADE FREEMAN UNIT?
- CADE FREEMAN UNIT is a Texas oil lease in Jones County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 32648.
- Is CADE FREEMAN UNIT still producing?
- CADE FREEMAN UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CADE FREEMAN UNIT is August 2026.
- How much has CADE FREEMAN UNIT produced?
- CADE FREEMAN UNIT has reported 1,500 barrels of oil (bbl) to the Railroad Commission of Texas between December 2022 and August 2026, from 1 wellbore.
- How much is CADE FREEMAN UNIT worth?
- The remaining production from CADE FREEMAN UNIT is estimated to be worth about $69K in total as of 26 August 2026, within a range of $38K to $101K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CADE FREEMAN UNIT is a fraction of it. The estimate fits an Arps decline curve to the production CADE FREEMAN UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CADE FREEMAN UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does CADE FREEMAN UNIT generate in a year?
- CADE FREEMAN UNIT is forecast to net about $13K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CADE FREEMAN UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Sojourner Drilling Corporation |
|---|---|
| Field | Jay (Canyon Lime) |
| County | Jones County, Texas |
| RRC district | 7B |
| Lease number | 32648 |
| Wellbores | 1 |
| Reported production | 1,500 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $69K |
Where CADE FREEMAN UNIT 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.