CENTRAL PETROLEUM CO. NO. 1
CENTRAL PETROLEUM CO. NO. 1 is a Texas oil lease in Navarro County, Railroad Commission district 05, operated by Corsicana Field Fund. It has 82 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 16,564 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 $132K, with roughly $25K 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 37 barrels a month. Its strongest month on the record we hold was October 2024, at 99 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 CENTRAL PETROLEUM CO. NO. 1
- Who operates CENTRAL PETROLEUM CO. NO. 1?
- CENTRAL PETROLEUM CO. NO. 1 is operated by Corsicana Field Fund, Railroad Commission of Texas operator number 179831.
- Where is CENTRAL PETROLEUM CO. NO. 1?
- CENTRAL PETROLEUM CO. NO. 1 is a Texas oil lease in Navarro County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 00265.
- Is CENTRAL PETROLEUM CO. NO. 1 still producing?
- CENTRAL PETROLEUM CO. NO. 1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CENTRAL PETROLEUM CO. NO. 1 is August 2026.
- How much has CENTRAL PETROLEUM CO. NO. 1 produced?
- CENTRAL PETROLEUM CO. NO. 1 has reported 16,564 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 82 wellbores.
- How much is CENTRAL PETROLEUM CO. NO. 1 worth?
- The remaining production from CENTRAL PETROLEUM CO. NO. 1 is estimated to be worth about $132K in total as of 26 August 2026, within a range of $73K to $191K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CENTRAL PETROLEUM CO. NO. 1 is a fraction of it. The estimate fits an Arps decline curve to the production CENTRAL PETROLEUM CO. NO. 1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CENTRAL PETROLEUM CO. NO. 1 is an estimate of value, not an offer and not an appraisal.
- How much income does CENTRAL PETROLEUM CO. NO. 1 generate in a year?
- CENTRAL PETROLEUM CO. NO. 1 is forecast to net about $25K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CENTRAL PETROLEUM CO. NO. 1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Corsicana Field Fund |
|---|---|
| Field | Corsicana (Shallow) |
| County | Navarro County, Texas |
| RRC district | 05 |
| Lease number | 00265 |
| Wellbores | 82 |
| Reported production | 16,564 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $132K |
Where CENTRAL PETROLEUM CO. NO. 1 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.