PERSEPHONE 42/31 C
PERSEPHONE 42/31 C is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Chevron U. S. A. Inc. It has 2 wellbores on file with the Commission. Reported production runs from August 2016 to August 2026, totalling 561,461 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 $388K, with roughly $69K 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 219 barrels a month, about 110 per wellbore. Its strongest month on the record we hold was October 2016, at 23,854 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 PERSEPHONE 42/31 C
- Who operates PERSEPHONE 42/31 C?
- PERSEPHONE 42/31 C is operated by Chevron U. S. A. Inc., Railroad Commission of Texas operator number 148113.
- Where is PERSEPHONE 42/31 C?
- PERSEPHONE 42/31 C is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 48308.
- Is PERSEPHONE 42/31 C still producing?
- PERSEPHONE 42/31 C is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PERSEPHONE 42/31 C is August 2026.
- How much has PERSEPHONE 42/31 C produced?
- PERSEPHONE 42/31 C has reported 561,461 barrels of oil (bbl) to the Railroad Commission of Texas between August 2016 and August 2026, from 2 wellbores.
- How much is PERSEPHONE 42/31 C worth?
- The remaining production from PERSEPHONE 42/31 C is estimated to be worth about $388K in total as of 27 August 2026, within a range of $303K to $473K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PERSEPHONE 42/31 C is a fraction of it. The estimate fits an Arps decline curve to the production PERSEPHONE 42/31 C has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PERSEPHONE 42/31 C is an estimate of value, not an offer and not an appraisal.
- How much income does PERSEPHONE 42/31 C generate in a year?
- PERSEPHONE 42/31 C is forecast to net about $69K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PERSEPHONE 42/31 C receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chevron U. S. A. Inc. |
|---|---|
| Field | Parks (Consolidated) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 48308 |
| Wellbores | 2 |
| Reported production | 561,461 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $388K |
Where PERSEPHONE 42/31 C 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.