CLEVELAND, WAYNE
CLEVELAND, WAYNE is a Texas oil lease in Lipscomb County, Railroad Commission district 10, operated by Kato Operating Company. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 34,113 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 $229K, with roughly $39K 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 38 barrels a month, about 13 per wellbore. Its strongest month on the record we hold was April 2017, at 125 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 CLEVELAND, WAYNE
- Who operates CLEVELAND, WAYNE?
- CLEVELAND, WAYNE is operated by Kato Operating Company, Railroad Commission of Texas operator number 451657.
- Where is CLEVELAND, WAYNE?
- CLEVELAND, WAYNE is a Texas oil lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 03250.
- Is CLEVELAND, WAYNE still producing?
- CLEVELAND, WAYNE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CLEVELAND, WAYNE is August 2026.
- How much has CLEVELAND, WAYNE produced?
- CLEVELAND, WAYNE has reported 34,113 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is CLEVELAND, WAYNE worth?
- The remaining production from CLEVELAND, WAYNE is estimated to be worth about $229K in total as of 26 August 2026, within a range of $126K to $332K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CLEVELAND, WAYNE is a fraction of it. The estimate fits an Arps decline curve to the production CLEVELAND, WAYNE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CLEVELAND, WAYNE is an estimate of value, not an offer and not an appraisal.
- How much income does CLEVELAND, WAYNE generate in a year?
- CLEVELAND, WAYNE is forecast to net about $39K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CLEVELAND, WAYNE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Kato Operating Company |
|---|---|
| Field | Higgins, West (Tonkawa) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 03250 |
| Wellbores | 3 |
| Reported production | 34,113 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $229K |
Where CLEVELAND, WAYNE 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.