GEORGE UNIT
GEORGE UNIT is a Texas oil lease in Nolan County, Railroad Commission district 7B, operated by Cholla Petroleum, Inc. It has 1 wellbore on file with the Commission. Reported production runs from February 2012 to August 2026, totalling 88,589 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 $846K, with roughly $192K 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 281 barrels a month. Its strongest month on the record we hold was March 2018, at 741 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 GEORGE UNIT
- Who operates GEORGE UNIT?
- GEORGE UNIT is operated by Cholla Petroleum, Inc., Railroad Commission of Texas operator number 150683.
- Where is GEORGE UNIT?
- GEORGE UNIT is a Texas oil lease in Nolan County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 30979.
- Is GEORGE UNIT still producing?
- GEORGE UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GEORGE UNIT is August 2026.
- How much has GEORGE UNIT produced?
- GEORGE UNIT has reported 88,589 barrels of oil (bbl) to the Railroad Commission of Texas between February 2012 and August 2026, from 1 wellbore.
- How much is GEORGE UNIT worth?
- The remaining production from GEORGE UNIT is estimated to be worth about $846K in total as of 26 August 2026, within a range of $660K to $1.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GEORGE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production GEORGE UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GEORGE UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does GEORGE UNIT generate in a year?
- GEORGE UNIT is forecast to net about $192K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GEORGE UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cholla Petroleum, Inc. |
|---|---|
| Field | Auld (Cisco Sand) |
| County | Nolan County, Texas |
| RRC district | 7B |
| Lease number | 30979 |
| Wellbores | 1 |
| Reported production | 88,589 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $846K |
Where GEORGE 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.