COULTER -P-
COULTER -P- is a Texas oil lease in Milam County, Railroad Commission district 01, operated by Penrod Oil Company Of Texas, Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 6,854 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 $80K, with roughly $15K 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 22 barrels a month. Its strongest month on the record we hold was July 2018, at 69 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 COULTER -P-
- Who operates COULTER -P-?
- COULTER -P- is operated by Penrod Oil Company Of Texas, Inc, Railroad Commission of Texas operator number 652875.
- Where is COULTER -P-?
- COULTER -P- is a Texas oil lease in Milam County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 01267.
- Is COULTER -P- still producing?
- COULTER -P- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COULTER -P- is August 2026.
- How much has COULTER -P- produced?
- COULTER -P- has reported 6,854 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is COULTER -P- worth?
- The remaining production from COULTER -P- is estimated to be worth about $80K in total as of 26 August 2026, within a range of $44K to $116K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COULTER -P- is a fraction of it. The estimate fits an Arps decline curve to the production COULTER -P- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COULTER -P- is an estimate of value, not an offer and not an appraisal.
- How much income does COULTER -P- generate in a year?
- COULTER -P- is forecast to net about $15K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in COULTER -P- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Penrod Oil Company Of Texas, Inc |
|---|---|
| Field | Minerva-Rockdale |
| County | Milam County, Texas |
| RRC district | 01 |
| Lease number | 01267 |
| Wellbores | 1 |
| Reported production | 6,854 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $80K |
Where COULTER -P- 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.