FARMER
FARMER is a Texas oil lease in Young County, Railroad Commission district 09, operated by Chardonnay Operating, Inc. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 52,142 barrels. The lease is shut in. 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 $1K, with roughly $251 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 0 barrels a month. Its strongest month on the record we hold was February 2018, at 131 barrels.
Key facts about FARMER
- Who operates FARMER?
- FARMER is operated by Chardonnay Operating, Inc., Railroad Commission of Texas operator number 146355.
- Where is FARMER?
- FARMER is a Texas oil lease in Young County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 28465.
- Is FARMER still producing?
- FARMER is shut in. The most recent month of production reported to the Railroad Commission of Texas for FARMER is August 2026.
- How much has FARMER produced?
- FARMER has reported 52,142 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is FARMER worth?
- The remaining production from FARMER is estimated to be worth about $1K in total as of 26 August 2026. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FARMER is a fraction of it. The estimate fits an Arps decline curve to the production FARMER has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FARMER is an estimate of value, not an offer and not an appraisal.
- How much income does FARMER generate in a year?
- FARMER is forecast to net about $251 across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in FARMER receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chardonnay Operating, Inc. |
|---|---|
| Field | Cargif (Strawn) |
| County | Young County, Texas |
| RRC district | 09 |
| Lease number | 28465 |
| Wellbores | 3 |
| Reported production | 52,142 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1K |
Where FARMER 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.