CAUBLE 32
CAUBLE 32 is a Texas oil lease in Reagan County, Railroad Commission district 7C, operated by Stephens, Autry C. It has 4 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 76,483 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 $248K, with roughly $44K 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 47 barrels a month, about 12 per wellbore. Its strongest month on the record we hold was June 2020, at 132 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 CAUBLE 32
- Who operates CAUBLE 32?
- CAUBLE 32 is operated by Stephens, Autry C., Railroad Commission of Texas operator number 817550.
- Where is CAUBLE 32?
- CAUBLE 32 is a Texas oil lease in Reagan County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 04619.
- Is CAUBLE 32 still producing?
- CAUBLE 32 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CAUBLE 32 is August 2026.
- How much has CAUBLE 32 produced?
- CAUBLE 32 has reported 76,483 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 4 wellbores.
- How much is CAUBLE 32 worth?
- The remaining production from CAUBLE 32 is estimated to be worth about $248K in total as of 27 August 2026, within a range of $136K to $359K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CAUBLE 32 is a fraction of it. The estimate fits an Arps decline curve to the production CAUBLE 32 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CAUBLE 32 is an estimate of value, not an offer and not an appraisal.
- How much income does CAUBLE 32 generate in a year?
- CAUBLE 32 is forecast to net about $44K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CAUBLE 32 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Stephens, Autry C. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Reagan County, Texas |
| RRC district | 7C |
| Lease number | 04619 |
| Wellbores | 4 |
| Reported production | 76,483 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $248K |
Where CAUBLE 32 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.