COLT
COLT is a Texas oil lease in Madison County, Railroad Commission district 05, operated by Woodbine Acquisition LLC. It has 1 wellbore on file with the Commission. Reported production runs from September 2012 to August 2026, totalling 29,972 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 $173K, with roughly $33K 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 41 barrels a month. Its strongest month on the record we hold was March 2021, at 317 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 COLT
- Who operates COLT?
- COLT is operated by Woodbine Acquisition LLC, Railroad Commission of Texas operator number 937857.
- Where is COLT?
- COLT is a Texas oil lease in Madison County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 04084.
- Is COLT still producing?
- COLT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COLT is August 2026.
- How much has COLT produced?
- COLT has reported 29,972 barrels of oil (bbl) to the Railroad Commission of Texas between September 2012 and August 2026, from 1 wellbore.
- How much is COLT worth?
- The remaining production from COLT is estimated to be worth about $173K in total as of 26 August 2026, within a range of $95K to $251K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COLT is a fraction of it. The estimate fits an Arps decline curve to the production COLT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COLT is an estimate of value, not an offer and not an appraisal.
- How much income does COLT generate in a year?
- COLT is forecast to net about $33K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in COLT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Woodbine Acquisition LLC |
|---|---|
| Field | Aguila Vado (Eagleford) |
| County | Madison County, Texas |
| RRC district | 05 |
| Lease number | 04084 |
| Wellbores | 1 |
| Reported production | 29,972 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $173K |
Where COLT 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.