REPUBLIC UNIT
REPUBLIC 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 August 2022 to August 2026, totalling 191,765 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 $1.0M, with roughly $607K 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 1,172 barrels a month. Its strongest month on the record we hold was October 2022, at 21,766 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 REPUBLIC UNIT
- Who operates REPUBLIC UNIT?
- REPUBLIC UNIT is operated by Cholla Petroleum, Inc., Railroad Commission of Texas operator number 150683.
- Where is REPUBLIC UNIT?
- REPUBLIC UNIT is a Texas oil lease in Nolan County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 57706.
- Is REPUBLIC UNIT still producing?
- REPUBLIC UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for REPUBLIC UNIT is August 2026.
- How much has REPUBLIC UNIT produced?
- REPUBLIC UNIT has reported 191,765 barrels of oil (bbl) to the Railroad Commission of Texas between August 2022 and August 2026, from 1 wellbore.
- How much is REPUBLIC UNIT worth?
- The remaining production from REPUBLIC UNIT is estimated to be worth about $1.0M in total as of 26 August 2026, within a range of $855K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in REPUBLIC UNIT is a fraction of it. The estimate fits an Arps decline curve to the production REPUBLIC UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for REPUBLIC UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does REPUBLIC UNIT generate in a year?
- REPUBLIC UNIT is forecast to net about $607K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in REPUBLIC 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 | 57706 |
| Wellbores | 1 |
| Reported production | 191,765 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.0M |
Where REPUBLIC 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.