CAFFEY-CHIEFTAIN 3229E
CAFFEY-CHIEFTAIN 3229E is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Vencer Energy, LLC. It has 1 wellbore on file with the Commission. Reported production runs from July 2022 to August 2026, totalling 330,486 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 $3.9M, with roughly $1.2M 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 1,983 barrels a month. Its strongest month on the record we hold was August 2022, at 33,607 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 CAFFEY-CHIEFTAIN 3229E
- Who operates CAFFEY-CHIEFTAIN 3229E?
- CAFFEY-CHIEFTAIN 3229E is operated by Vencer Energy, LLC, Railroad Commission of Texas operator number 884498.
- Where is CAFFEY-CHIEFTAIN 3229E?
- CAFFEY-CHIEFTAIN 3229E is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 58077.
- Is CAFFEY-CHIEFTAIN 3229E still producing?
- CAFFEY-CHIEFTAIN 3229E is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CAFFEY-CHIEFTAIN 3229E is August 2026.
- How much has CAFFEY-CHIEFTAIN 3229E produced?
- CAFFEY-CHIEFTAIN 3229E has reported 330,486 barrels of oil (bbl) to the Railroad Commission of Texas between July 2022 and August 2026, from 1 wellbore.
- How much is CAFFEY-CHIEFTAIN 3229E worth?
- The remaining production from CAFFEY-CHIEFTAIN 3229E is estimated to be worth about $3.9M in total as of 27 August 2026, within a range of $3.3M to $4.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CAFFEY-CHIEFTAIN 3229E is a fraction of it. The estimate fits an Arps decline curve to the production CAFFEY-CHIEFTAIN 3229E has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CAFFEY-CHIEFTAIN 3229E is an estimate of value, not an offer and not an appraisal.
- How much income does CAFFEY-CHIEFTAIN 3229E generate in a year?
- CAFFEY-CHIEFTAIN 3229E is forecast to net about $1.2M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CAFFEY-CHIEFTAIN 3229E receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Vencer Energy, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 58077 |
| Wellbores | 1 |
| Reported production | 330,486 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.9M |
Where CAFFEY-CHIEFTAIN 3229E 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.