FREEDOM UNIT
FREEDOM UNIT is a Texas oil lease in Nolan County, Railroad Commission district 08, operated by Cholla Petroleum, Inc. It has 1 wellbore on file with the Commission. Reported production runs from March 2021 to August 2026, totalling 144,482 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 $1.2M, with roughly $355K 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 514 barrels a month. Its strongest month on the record we hold was April 2021, at 16,245 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 FREEDOM UNIT
- Who operates FREEDOM UNIT?
- FREEDOM UNIT is operated by Cholla Petroleum, Inc., Railroad Commission of Texas operator number 150683.
- Where is FREEDOM UNIT?
- FREEDOM UNIT is a Texas oil lease in Nolan County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 55687.
- Is FREEDOM UNIT still producing?
- FREEDOM UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FREEDOM UNIT is August 2026.
- How much has FREEDOM UNIT produced?
- FREEDOM UNIT has reported 144,482 barrels of oil (bbl) to the Railroad Commission of Texas between March 2021 and August 2026, from 1 wellbore.
- How much is FREEDOM UNIT worth?
- The remaining production from FREEDOM UNIT is estimated to be worth about $1.2M in total as of 26 August 2026, within a range of $925K to $1.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FREEDOM UNIT is a fraction of it. The estimate fits an Arps decline curve to the production FREEDOM UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FREEDOM UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does FREEDOM UNIT generate in a year?
- FREEDOM UNIT is forecast to net about $355K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in FREEDOM UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cholla Petroleum, Inc. |
|---|---|
| Field | Garden City, S. (Wolfcamp) |
| County | Nolan County, Texas |
| RRC district | 08 |
| Lease number | 55687 |
| Wellbores | 1 |
| Reported production | 144,482 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.2M |
Where FREEDOM 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.