CHOPPER 254 A
CHOPPER 254 A is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Black Swan Operating, LLC. It has 4 wellbores on file with the Commission. Reported production runs from August 2022 to August 2026, totalling 1,379,724 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 $37.8M, with roughly $9.7M 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 13,873 barrels a month, about 3,468 per wellbore. Its strongest month on the record we hold was September 2022, at 118,980 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 CHOPPER 254 A
- Who operates CHOPPER 254 A?
- CHOPPER 254 A is operated by Black Swan Operating, LLC, Railroad Commission of Texas operator number 072762.
- Where is CHOPPER 254 A?
- CHOPPER 254 A is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 58053.
- Is CHOPPER 254 A still producing?
- CHOPPER 254 A is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CHOPPER 254 A is August 2026.
- How much has CHOPPER 254 A produced?
- CHOPPER 254 A has reported 1,379,724 barrels of oil (bbl) to the Railroad Commission of Texas between August 2022 and August 2026, from 4 wellbores.
- How much is CHOPPER 254 A worth?
- The remaining production from CHOPPER 254 A is estimated to be worth about $37.8M in total as of 26 August 2026, within a range of $31.0M to $44.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CHOPPER 254 A is a fraction of it. The estimate fits an Arps decline curve to the production CHOPPER 254 A has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CHOPPER 254 A is an estimate of value, not an offer and not an appraisal.
- How much income does CHOPPER 254 A generate in a year?
- CHOPPER 254 A is forecast to net about $9.7M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CHOPPER 254 A receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Black Swan Operating, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 58053 |
| Wellbores | 4 |
| Reported production | 1,379,724 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $37.8M |
Where CHOPPER 254 A 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.