CAVAZOS, NICHOLAS
CAVAZOS, NICHOLAS is a Texas oil lease in Willacy County, Railroad Commission district 04, operated by Citation Oil & Gas Corp. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 243,624 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 $465K, with roughly $138K 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 219 barrels a month, about 73 per wellbore. Its strongest month on the record we hold was June 2020, at 593 barrels. 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 CAVAZOS, NICHOLAS
- Who operates CAVAZOS, NICHOLAS?
- CAVAZOS, NICHOLAS is operated by Citation Oil & Gas Corp., Railroad Commission of Texas operator number 154235.
- Where is CAVAZOS, NICHOLAS?
- CAVAZOS, NICHOLAS is a Texas oil lease in Willacy County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 03369.
- Is CAVAZOS, NICHOLAS still producing?
- CAVAZOS, NICHOLAS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CAVAZOS, NICHOLAS is August 2026.
- How much has CAVAZOS, NICHOLAS produced?
- CAVAZOS, NICHOLAS has reported 243,624 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is CAVAZOS, NICHOLAS worth?
- The remaining production from CAVAZOS, NICHOLAS is estimated to be worth about $465K in total as of 26 August 2026, within a range of $363K to $567K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CAVAZOS, NICHOLAS is a fraction of it. The estimate fits an Arps decline curve to the production CAVAZOS, NICHOLAS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CAVAZOS, NICHOLAS is an estimate of value, not an offer and not an appraisal.
- How much income does CAVAZOS, NICHOLAS generate in a year?
- CAVAZOS, NICHOLAS is forecast to net about $138K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CAVAZOS, NICHOLAS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Citation Oil & Gas Corp. |
|---|---|
| Field | Willamar |
| County | Willacy County, Texas |
| RRC district | 04 |
| Lease number | 03369 |
| Wellbores | 3 |
| Reported production | 243,624 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $465K |
Where CAVAZOS, NICHOLAS 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.