CATS PICASSO 4801L
CATS PICASSO 4801L is a Texas oil lease in Reagan County, Railroad Commission district 7C, operated by Civitas Permian Operating, LLC. It has 1 wellbore on file with the Commission. Reported production runs from November 2023 to August 2026, totalling 167,463 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 $8.7M, with roughly $2.6M 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 3,910 barrels a month. Its strongest month on the record we hold was June 2024, at 19,738 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 CATS PICASSO 4801L
- Who operates CATS PICASSO 4801L?
- CATS PICASSO 4801L is operated by Civitas Permian Operating, LLC, Railroad Commission of Texas operator number 101577.
- Where is CATS PICASSO 4801L?
- CATS PICASSO 4801L is a Texas oil lease in Reagan County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 22559.
- Is CATS PICASSO 4801L still producing?
- CATS PICASSO 4801L is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CATS PICASSO 4801L is August 2026.
- How much has CATS PICASSO 4801L produced?
- CATS PICASSO 4801L has reported 167,463 barrels of oil (bbl) to the Railroad Commission of Texas between November 2023 and August 2026, from 1 wellbore.
- How much is CATS PICASSO 4801L worth?
- The remaining production from CATS PICASSO 4801L is estimated to be worth about $8.7M in total as of 27 August 2026, within a range of $7.3M to $10.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CATS PICASSO 4801L is a fraction of it. The estimate fits an Arps decline curve to the production CATS PICASSO 4801L has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CATS PICASSO 4801L is an estimate of value, not an offer and not an appraisal.
- How much income does CATS PICASSO 4801L generate in a year?
- CATS PICASSO 4801L is forecast to net about $2.6M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CATS PICASSO 4801L receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Civitas Permian Operating, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Reagan County, Texas |
| RRC district | 7C |
| Lease number | 22559 |
| Wellbores | 1 |
| Reported production | 167,463 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $8.7M |
Where CATS PICASSO 4801L 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.