WEST COLE NORTH UNIT
WEST COLE NORTH UNIT is a Texas oil lease in Webb County, Railroad Commission district 04, operated by Basic Earth Science Systems,Inc. It has 59 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 728,566 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 $1.9M, with roughly $500K 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 696 barrels a month, about 12 per wellbore. Its strongest month on the record we hold was March 2017, at 1,985 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 WEST COLE NORTH UNIT
- Who operates WEST COLE NORTH UNIT?
- WEST COLE NORTH UNIT is operated by Basic Earth Science Systems,Inc., Railroad Commission of Texas operator number 054337.
- Where is WEST COLE NORTH UNIT?
- WEST COLE NORTH UNIT is a Texas oil lease in Webb County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 09568.
- Is WEST COLE NORTH UNIT still producing?
- WEST COLE NORTH UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WEST COLE NORTH UNIT is August 2026.
- How much has WEST COLE NORTH UNIT produced?
- WEST COLE NORTH UNIT has reported 728,566 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 59 wellbores.
- How much is WEST COLE NORTH UNIT worth?
- The remaining production from WEST COLE NORTH UNIT is estimated to be worth about $1.9M in total as of 27 August 2026, within a range of $1.5M to $2.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WEST COLE NORTH UNIT is a fraction of it. The estimate fits an Arps decline curve to the production WEST COLE NORTH UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WEST COLE NORTH UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does WEST COLE NORTH UNIT generate in a year?
- WEST COLE NORTH UNIT is forecast to net about $500K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in WEST COLE NORTH UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Basic Earth Science Systems,Inc. |
|---|---|
| Field | Cole, West |
| County | Webb County, Texas |
| RRC district | 04 |
| Lease number | 09568 |
| Wellbores | 59 |
| Reported production | 728,566 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.9M |
Where WEST COLE NORTH UNIT 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.