COATS ESTATE "23"
COATS ESTATE "23" is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Rust Oil Corp. It has 1 wellbore on file with the Commission. Reported production runs from January 2010 to August 2026, totalling 52,303 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values a standard royalty share at about $11K, with roughly $2K expected over the next twelve months.
| Operator | Rust Oil Corp. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 39885 |
| Wellbores | 1 |
| Reported production | 52,303 bbl |
| First reported | January 2010 |
| Last reported | August 2026 |
| Estimated royalty value | $11K |
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.