CMC CANDLESTICK UNIT
CMC CANDLESTICK UNIT is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Chevron U. S. A. Inc. It has 6 wellbores on file with the Commission. Reported production runs from March 2022 to August 2026, totalling 1,674,628 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 $50.8M, with roughly $13.3M 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 16,872 barrels a month, about 2,812 per wellbore. Its strongest month on the record we hold was August 2022, at 154,306 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 CANDLESTICK UNIT
- Who operates CMC CANDLESTICK UNIT?
- CMC CANDLESTICK UNIT is operated by Chevron U. S. A. Inc., Railroad Commission of Texas operator number 148113.
- Where is CMC CANDLESTICK UNIT?
- CMC CANDLESTICK UNIT is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 57202.
- Is CMC CANDLESTICK UNIT still producing?
- CMC CANDLESTICK UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CMC CANDLESTICK UNIT is August 2026.
- How much has CMC CANDLESTICK UNIT produced?
- CMC CANDLESTICK UNIT has reported 1,674,628 barrels of oil (bbl) to the Railroad Commission of Texas between March 2022 and August 2026, from 6 wellbores.
- How much is CMC CANDLESTICK UNIT worth?
- The remaining production from CMC CANDLESTICK UNIT is estimated to be worth about $50.8M in total as of 26 August 2026, within a range of $41.6M to $59.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CMC CANDLESTICK UNIT is a fraction of it. The estimate fits an Arps decline curve to the production CMC CANDLESTICK 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 CANDLESTICK UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does CMC CANDLESTICK UNIT generate in a year?
- CMC CANDLESTICK UNIT is forecast to net about $13.3M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CMC CANDLESTICK 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 | 57202 |
| Wellbores | 6 |
| Reported production | 1,674,628 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $50.8M |
Where CMC CANDLESTICK 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.