CADY UNIT
CADY UNIT is a Texas oil lease in Montague County, Railroad Commission district 09, operated by Stephens & Johnson Operating Co. It has 7 wellbores on file with the Commission. Reported production runs from February 1993 to August 2026, totalling 151,304 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 $146K, with roughly $28K 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 barrels a month, about 5 per wellbore. Its strongest month on the record we hold was December 2016, at 149 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 CADY UNIT
- Who operates CADY UNIT?
- CADY UNIT is operated by Stephens & Johnson Operating Co., Railroad Commission of Texas operator number 817555.
- Where is CADY UNIT?
- CADY UNIT is a Texas oil lease in Montague County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 28491.
- Is CADY UNIT still producing?
- CADY UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CADY UNIT is August 2026.
- How much has CADY UNIT produced?
- CADY UNIT has reported 151,304 barrels of oil (bbl) to the Railroad Commission of Texas between February 1993 and August 2026, from 7 wellbores.
- How much is CADY UNIT worth?
- The remaining production from CADY UNIT is estimated to be worth about $146K in total as of 27 August 2026, within a range of $80K to $212K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CADY UNIT is a fraction of it. The estimate fits an Arps decline curve to the production CADY UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CADY UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does CADY UNIT generate in a year?
- CADY UNIT is forecast to net about $28K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CADY UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Stephens & Johnson Operating Co. |
|---|---|
| Field | Shirley (Caddo Congl.) |
| County | Montague County, Texas |
| RRC district | 09 |
| Lease number | 28491 |
| Wellbores | 7 |
| Reported production | 151,304 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $146K |
Where CADY 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.