WATSON-BUCK
WATSON-BUCK is a Texas oil lease in Madison County, Railroad Commission district 03, operated by CML Exploration, LLC. It has 1 wellbore on file with the Commission. Reported production runs from December 2010 to August 2026, totalling 146,729 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 $277K, with roughly $51K 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 64 barrels a month. Its strongest month on the record we hold was May 2016, at 748 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 WATSON-BUCK
- Who operates WATSON-BUCK?
- WATSON-BUCK is operated by CML Exploration, LLC, Railroad Commission of Texas operator number 120648.
- Where is WATSON-BUCK?
- WATSON-BUCK is a Texas oil lease in Madison County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 25879.
- Is WATSON-BUCK still producing?
- WATSON-BUCK is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WATSON-BUCK is August 2026.
- How much has WATSON-BUCK produced?
- WATSON-BUCK has reported 146,729 barrels of oil (bbl) to the Railroad Commission of Texas between December 2010 and August 2026, from 1 wellbore.
- How much is WATSON-BUCK worth?
- The remaining production from WATSON-BUCK is estimated to be worth about $277K in total as of 27 August 2026, within a range of $152K to $402K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WATSON-BUCK is a fraction of it. The estimate fits an Arps decline curve to the production WATSON-BUCK has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WATSON-BUCK is an estimate of value, not an offer and not an appraisal.
- How much income does WATSON-BUCK generate in a year?
- WATSON-BUCK is forecast to net about $51K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in WATSON-BUCK receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | CML Exploration, LLC |
|---|---|
| Field | Madisonville, W. (Woodbine -A-) |
| County | Madison County, Texas |
| RRC district | 03 |
| Lease number | 25879 |
| Wellbores | 1 |
| Reported production | 146,729 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $277K |
Where WATSON-BUCK 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.