CMC BLUEBONNET 17/29 UNIT
CMC BLUEBONNET 17/29 UNIT is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Chevron U. S. A. Inc. It has 18 wellbores on file with the Commission. Reported production runs from November 2019 to August 2026, totalling 5,553,519 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 $113.3M, with roughly $26.3M 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 38,368 barrels a month, about 2,132 per wellbore. Its strongest month on the record we hold was October 2021, at 470,610 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 CMC BLUEBONNET 17/29 UNIT
- Who operates CMC BLUEBONNET 17/29 UNIT?
- CMC BLUEBONNET 17/29 UNIT is operated by Chevron U. S. A. Inc., Railroad Commission of Texas operator number 148113.
- Where is CMC BLUEBONNET 17/29 UNIT?
- CMC BLUEBONNET 17/29 UNIT is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 54306.
- Is CMC BLUEBONNET 17/29 UNIT still producing?
- CMC BLUEBONNET 17/29 UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CMC BLUEBONNET 17/29 UNIT is August 2026.
- How much has CMC BLUEBONNET 17/29 UNIT produced?
- CMC BLUEBONNET 17/29 UNIT has reported 5,553,519 barrels of oil (bbl) to the Railroad Commission of Texas between November 2019 and August 2026, from 18 wellbores.
- How much is CMC BLUEBONNET 17/29 UNIT worth?
- The remaining production from CMC BLUEBONNET 17/29 UNIT is estimated to be worth about $113.3M in total as of 27 August 2026, within a range of $92.9M to $133.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CMC BLUEBONNET 17/29 UNIT is a fraction of it. The estimate fits an Arps decline curve to the production CMC BLUEBONNET 17/29 UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CMC BLUEBONNET 17/29 UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does CMC BLUEBONNET 17/29 UNIT generate in a year?
- CMC BLUEBONNET 17/29 UNIT is forecast to net about $26.3M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CMC BLUEBONNET 17/29 UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chevron U. S. A. Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 54306 |
| Wellbores | 18 |
| Reported production | 5,553,519 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $113.3M |
Where CMC BLUEBONNET 17/29 UNIT 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.