DEVOLL STARNES
DEVOLL STARNES is a Texas oil lease in Wise County, Railroad Commission district 09, operated by Cholla Petroleum, Inc. It has 1 wellbore on file with the Commission. Reported production runs from June 2023 to August 2026, totalling 1,217 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 $93K, with roughly $18K 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 28 barrels a month. Its strongest month on the record we hold was May 2024, at 72 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 DEVOLL STARNES
- Who operates DEVOLL STARNES?
- DEVOLL STARNES is operated by Cholla Petroleum, Inc., Railroad Commission of Texas operator number 150683.
- Where is DEVOLL STARNES?
- DEVOLL STARNES is a Texas oil lease in Wise County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 34206.
- Is DEVOLL STARNES still producing?
- DEVOLL STARNES is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DEVOLL STARNES is August 2026.
- How much has DEVOLL STARNES produced?
- DEVOLL STARNES has reported 1,217 barrels of oil (bbl) to the Railroad Commission of Texas between June 2023 and August 2026, from 1 wellbore.
- How much is DEVOLL STARNES worth?
- The remaining production from DEVOLL STARNES is estimated to be worth about $93K in total as of 26 August 2026, within a range of $51K to $134K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DEVOLL STARNES is a fraction of it. The estimate fits an Arps decline curve to the production DEVOLL STARNES has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DEVOLL STARNES is an estimate of value, not an offer and not an appraisal.
- How much income does DEVOLL STARNES generate in a year?
- DEVOLL STARNES is forecast to net about $18K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in DEVOLL STARNES receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cholla Petroleum, Inc. |
|---|---|
| Field | Boonsville (Bend Congl., Gas) |
| County | Wise County, Texas |
| RRC district | 09 |
| Lease number | 34206 |
| Wellbores | 1 |
| Reported production | 1,217 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $93K |
Where DEVOLL STARNES 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.