CHARLES
CHARLES is a Texas gas lease in Wheeler County, Railroad Commission district 10, operated by Rio Petroleum, Inc. It has 1 wellbore on file with the Commission. Reported production runs from April 1993 to August 2026, totalling 186,170 thousand cubic feet. 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 $31K, with roughly $6K 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 272 thousand cubic feet a month. Its strongest month on the record we hold was July 2016, at 369 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 22% 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 CHARLES
- Who operates CHARLES?
- CHARLES is operated by Rio Petroleum, Inc., Railroad Commission of Texas operator number 712840.
- Where is CHARLES?
- CHARLES is a Texas gas lease in Wheeler County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 146356.
- Is CHARLES still producing?
- CHARLES is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CHARLES is August 2026.
- How much has CHARLES produced?
- CHARLES has reported 186,170 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between April 1993 and August 2026, from 1 wellbore.
- How much is CHARLES worth?
- The remaining production from CHARLES is estimated to be worth about $31K in total as of 26 August 2026, within a range of $24K to $38K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CHARLES is a fraction of it. The estimate fits an Arps decline curve to the production CHARLES has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CHARLES is an estimate of value, not an offer and not an appraisal.
- How much income does CHARLES generate in a year?
- CHARLES is forecast to net about $6K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CHARLES receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Rio Petroleum, Inc. |
|---|---|
| Field | Panhandle, East |
| County | Wheeler County, Texas |
| RRC district | 10 |
| Lease number | 146356 |
| Wellbores | 1 |
| Reported production | 186,170 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $31K |
Where CHARLES 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.