CATES
CATES is a Texas oil lease in Kent County, Railroad Commission district 8A, operated by Cholla Petroleum, Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 2008 to August 2026, totalling 188,736 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 $1.8M, with roughly $813K 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 1,624 barrels a month. Its strongest month on the record we hold was December 2024, at 2,577 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 CATES
- Who operates CATES?
- CATES is operated by Cholla Petroleum, Inc., Railroad Commission of Texas operator number 150683.
- Where is CATES?
- CATES is a Texas oil lease in Kent County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 69204.
- Is CATES still producing?
- CATES is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CATES is August 2026.
- How much has CATES produced?
- CATES has reported 188,736 barrels of oil (bbl) to the Railroad Commission of Texas between January 2008 and August 2026, from 1 wellbore.
- How much is CATES worth?
- The remaining production from CATES is estimated to be worth about $1.8M in total as of 26 August 2026, within a range of $1.5M to $2.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CATES is a fraction of it. The estimate fits an Arps decline curve to the production CATES has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CATES is an estimate of value, not an offer and not an appraisal.
- How much income does CATES generate in a year?
- CATES is forecast to net about $813K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CATES receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cholla Petroleum, Inc. |
|---|---|
| Field | Long-Hall (Tannehill) |
| County | Kent County, Texas |
| RRC district | 8A |
| Lease number | 69204 |
| Wellbores | 1 |
| Reported production | 188,736 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.8M |
Where CATES 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.