CLEVELAND 68
CLEVELAND 68 is a Texas oil lease in Lipscomb County, Railroad Commission district 10, operated by Chalker Operating Inc. It has 1 wellbore on file with the Commission. Reported production runs from September 2011 to August 2026, totalling 158,071 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 $1.3M, with roughly $221K 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 246 barrels a month. Its strongest month on the record we hold was August 2016, at 1,135 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 68
- Who operates CLEVELAND 68?
- CLEVELAND 68 is operated by Chalker Operating Inc., Railroad Commission of Texas operator number 142283.
- Where is CLEVELAND 68?
- CLEVELAND 68 is a Texas oil lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 08485.
- Is CLEVELAND 68 still producing?
- CLEVELAND 68 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CLEVELAND 68 is August 2026.
- How much has CLEVELAND 68 produced?
- CLEVELAND 68 has reported 158,071 barrels of oil (bbl) to the Railroad Commission of Texas between September 2011 and August 2026, from 1 wellbore.
- How much is CLEVELAND 68 worth?
- The remaining production from CLEVELAND 68 is estimated to be worth about $1.3M in total as of 27 August 2026, within a range of $978K to $1.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CLEVELAND 68 is a fraction of it. The estimate fits an Arps decline curve to the production CLEVELAND 68 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CLEVELAND 68 is an estimate of value, not an offer and not an appraisal.
- How much income does CLEVELAND 68 generate in a year?
- CLEVELAND 68 is forecast to net about $221K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CLEVELAND 68 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chalker Operating Inc. |
|---|---|
| Field | Lipscomb, S.E. (Cleveland) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 08485 |
| Wellbores | 1 |
| Reported production | 158,071 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.3M |
Where CLEVELAND 68 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.