DUBYA STATE 12
DUBYA STATE 12 is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Cog Operating LLC. It has 4 wellbores on file with the Commission. Reported production runs from March 2011 to August 2026, totalling 339,988 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 $3.5M, with roughly $897K 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 1,285 barrels a month, about 321 per wellbore. Its strongest month on the record we hold was May 2017, at 3,941 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 DUBYA STATE 12
- Who operates DUBYA STATE 12?
- DUBYA STATE 12 is operated by Cog Operating LLC, Railroad Commission of Texas operator number 166150.
- Where is DUBYA STATE 12?
- DUBYA STATE 12 is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 41620.
- Is DUBYA STATE 12 still producing?
- DUBYA STATE 12 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DUBYA STATE 12 is August 2026.
- How much has DUBYA STATE 12 produced?
- DUBYA STATE 12 has reported 339,988 barrels of oil (bbl) to the Railroad Commission of Texas between March 2011 and August 2026, from 4 wellbores.
- How much is DUBYA STATE 12 worth?
- The remaining production from DUBYA STATE 12 is estimated to be worth about $3.5M in total as of 26 August 2026, within a range of $2.9M to $4.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DUBYA STATE 12 is a fraction of it. The estimate fits an Arps decline curve to the production DUBYA STATE 12 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DUBYA STATE 12 is an estimate of value, not an offer and not an appraisal.
- How much income does DUBYA STATE 12 generate in a year?
- DUBYA STATE 12 is forecast to net about $897K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in DUBYA STATE 12 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cog Operating LLC |
|---|---|
| Field | Wolfbone (Trend Area) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 41620 |
| Wellbores | 4 |
| Reported production | 339,988 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.5M |
Where DUBYA STATE 12 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.