ASHLEY, CHARLES
ASHLEY, CHARLES is a Texas oil lease in Milam County, Railroad Commission district 01, operated by Pemberton, W. C. Oil Co., Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 52,554 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 $52K, with roughly $10K 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 31 barrels a month. Its strongest month on the record we hold was February 2018, at 223 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 ASHLEY, CHARLES
- Who operates ASHLEY, CHARLES?
- ASHLEY, CHARLES is operated by Pemberton, W. C. Oil Co., Inc., Railroad Commission of Texas operator number 650987.
- Where is ASHLEY, CHARLES?
- ASHLEY, CHARLES is a Texas oil lease in Milam County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 06457.
- Is ASHLEY, CHARLES still producing?
- ASHLEY, CHARLES is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ASHLEY, CHARLES is August 2026.
- How much has ASHLEY, CHARLES produced?
- ASHLEY, CHARLES has reported 52,554 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is ASHLEY, CHARLES worth?
- The remaining production from ASHLEY, CHARLES is estimated to be worth about $52K in total as of 26 August 2026, within a range of $29K to $75K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ASHLEY, CHARLES is a fraction of it. The estimate fits an Arps decline curve to the production ASHLEY, CHARLES has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ASHLEY, CHARLES is an estimate of value, not an offer and not an appraisal.
- How much income does ASHLEY, CHARLES generate in a year?
- ASHLEY, CHARLES is forecast to net about $10K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ASHLEY, CHARLES receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pemberton, W. C. Oil Co., Inc. |
|---|---|
| Field | Milano (Pecan Gap) |
| County | Milam County, Texas |
| RRC district | 01 |
| Lease number | 06457 |
| Wellbores | 1 |
| Reported production | 52,554 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $52K |
Where ASHLEY, CHARLES 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.