CHESSER "12"
CHESSER "12" is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Petroplex Energy Inc. It has 2 wellbores on file with the Commission. Reported production runs from March 2009 to August 2026, totalling 164,784 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 $1.5M, with roughly $336K 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 478 barrels a month, about 239 per wellbore. Its strongest month on the record we hold was February 2020, at 1,627 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 CHESSER "12"
- Who operates CHESSER "12"?
- CHESSER "12" is operated by Petroplex Energy Inc., Railroad Commission of Texas operator number 660886.
- Where is CHESSER "12"?
- CHESSER "12" is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 39552.
- Is CHESSER "12" still producing?
- CHESSER "12" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CHESSER "12" is August 2026.
- How much has CHESSER "12" produced?
- CHESSER "12" has reported 164,784 barrels of oil (bbl) to the Railroad Commission of Texas between March 2009 and August 2026, from 2 wellbores.
- How much is CHESSER "12" worth?
- The remaining production from CHESSER "12" is estimated to be worth about $1.5M in total as of 26 August 2026, within a range of $1.2M to $1.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CHESSER "12" is a fraction of it. The estimate fits an Arps decline curve to the production CHESSER "12" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CHESSER "12" is an estimate of value, not an offer and not an appraisal.
- How much income does CHESSER "12" generate in a year?
- CHESSER "12" is forecast to net about $336K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CHESSER "12" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Petroplex Energy Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 39552 |
| Wellbores | 2 |
| Reported production | 164,784 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.5M |
Where CHESSER "12" 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.