CHAD
CHAD is a Texas oil lease in Zavala County, Railroad Commission district 01, operated by CML Exploration, LLC. It has 1 wellbore on file with the Commission. Reported production runs from March 2017 to August 2026, totalling 131,454 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 $384K, with roughly $71K 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 82 barrels a month. Its strongest month on the record we hold was April 2017, at 17,125 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 CHAD
- Who operates CHAD?
- CHAD is operated by CML Exploration, LLC, Railroad Commission of Texas operator number 120648.
- Where is CHAD?
- CHAD is a Texas oil lease in Zavala County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 18965.
- Is CHAD still producing?
- CHAD is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CHAD is August 2026.
- How much has CHAD produced?
- CHAD has reported 131,454 barrels of oil (bbl) to the Railroad Commission of Texas between March 2017 and August 2026, from 1 wellbore.
- How much is CHAD worth?
- The remaining production from CHAD is estimated to be worth about $384K in total as of 26 August 2026, within a range of $211K to $557K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CHAD is a fraction of it. The estimate fits an Arps decline curve to the production CHAD has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CHAD is an estimate of value, not an offer and not an appraisal.
- How much income does CHAD generate in a year?
- CHAD is forecast to net about $71K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CHAD receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | CML Exploration, LLC |
|---|---|
| Field | Pena Creek (Georgetown) |
| County | Zavala County, Texas |
| RRC district | 01 |
| Lease number | 18965 |
| Wellbores | 1 |
| Reported production | 131,454 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $384K |
Where CHAD 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.