ALLAR 37
ALLAR 37 is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Cobra Oil & Gas Corporation. It has 5 wellbores on file with the Commission. Reported production runs from September 2009 to August 2026, totalling 249,144 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 $564K, with roughly $310K 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 650 barrels a month, about 130 per wellbore. Its strongest month on the record we hold was May 2016, at 1,543 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 ALLAR 37
- Who operates ALLAR 37?
- ALLAR 37 is operated by Cobra Oil & Gas Corporation, Railroad Commission of Texas operator number 163000.
- Where is ALLAR 37?
- ALLAR 37 is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 39597.
- Is ALLAR 37 still producing?
- ALLAR 37 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ALLAR 37 is August 2026.
- How much has ALLAR 37 produced?
- ALLAR 37 has reported 249,144 barrels of oil (bbl) to the Railroad Commission of Texas between September 2009 and August 2026, from 5 wellbores.
- How much is ALLAR 37 worth?
- The remaining production from ALLAR 37 is estimated to be worth about $564K in total as of 26 August 2026, within a range of $440K to $688K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ALLAR 37 is a fraction of it. The estimate fits an Arps decline curve to the production ALLAR 37 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ALLAR 37 is an estimate of value, not an offer and not an appraisal.
- How much income does ALLAR 37 generate in a year?
- ALLAR 37 is forecast to net about $310K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ALLAR 37 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cobra Oil & Gas Corporation |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 39597 |
| Wellbores | 5 |
| Reported production | 249,144 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $564K |
Where ALLAR 37 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.