MAY PR UNIT
MAY PR 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 January 2014 to August 2026, totalling 20,638 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 $91K, with roughly $18K 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 30 barrels a month. Its strongest month on the record we hold was June 2017, at 215 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 MAY PR UNIT
- Who operates MAY PR UNIT?
- MAY PR UNIT is operated by Cholla Petroleum, Inc., Railroad Commission of Texas operator number 150683.
- Where is MAY PR UNIT?
- MAY PR UNIT is a Texas oil lease in Nolan County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 31423.
- Is MAY PR UNIT still producing?
- MAY PR UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MAY PR UNIT is August 2026.
- How much has MAY PR UNIT produced?
- MAY PR UNIT has reported 20,638 barrels of oil (bbl) to the Railroad Commission of Texas between January 2014 and August 2026, from 1 wellbore.
- How much is MAY PR UNIT worth?
- The remaining production from MAY PR UNIT is estimated to be worth about $91K in total as of 26 August 2026, within a range of $50K to $133K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MAY PR UNIT is a fraction of it. The estimate fits an Arps decline curve to the production MAY PR UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MAY PR UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does MAY PR UNIT generate in a year?
- MAY PR UNIT is forecast to net about $18K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MAY PR UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cholla Petroleum, Inc. |
|---|---|
| Field | Sweetwater (Canyon Sand) |
| County | Nolan County, Texas |
| RRC district | 7B |
| Lease number | 31423 |
| Wellbores | 1 |
| Reported production | 20,638 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $91K |
Where MAY PR 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.