REDDEN
REDDEN is a Texas oil lease in Nolan County, Railroad Commission district 7B, operated by Cholla Petroleum, Inc. It has 3 wellbores on file with the Commission. Reported production runs from November 2011 to August 2026, totalling 37,107 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 $190K, with roughly $37K 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 64 barrels a month, about 21 per wellbore. Its strongest month on the record we hold was August 2016, at 222 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 REDDEN
- Who operates REDDEN?
- REDDEN is operated by Cholla Petroleum, Inc., Railroad Commission of Texas operator number 150683.
- Where is REDDEN?
- REDDEN is a Texas oil lease in Nolan County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 30860.
- Is REDDEN still producing?
- REDDEN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for REDDEN is August 2026.
- How much has REDDEN produced?
- REDDEN has reported 37,107 barrels of oil (bbl) to the Railroad Commission of Texas between November 2011 and August 2026, from 3 wellbores.
- How much is REDDEN worth?
- The remaining production from REDDEN is estimated to be worth about $190K in total as of 26 August 2026, within a range of $105K to $276K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in REDDEN is a fraction of it. The estimate fits an Arps decline curve to the production REDDEN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for REDDEN is an estimate of value, not an offer and not an appraisal.
- How much income does REDDEN generate in a year?
- REDDEN is forecast to net about $37K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in REDDEN 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 | 30860 |
| Wellbores | 3 |
| Reported production | 37,107 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $190K |
Where REDDEN 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.