HEREDIA 46B
HEREDIA 46B is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Cobra Oil & Gas Corporation. It has 1 wellbore on file with the Commission. Reported production runs from October 2011 to August 2026, totalling 60,200 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 $553K, with roughly $160K 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 259 barrels a month. Its strongest month on the record we hold was August 2021, at 871 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 HEREDIA 46B
- Who operates HEREDIA 46B?
- HEREDIA 46B is operated by Cobra Oil & Gas Corporation, Railroad Commission of Texas operator number 163000.
- Where is HEREDIA 46B?
- HEREDIA 46B is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 42059.
- Is HEREDIA 46B still producing?
- HEREDIA 46B is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HEREDIA 46B is August 2026.
- How much has HEREDIA 46B produced?
- HEREDIA 46B has reported 60,200 barrels of oil (bbl) to the Railroad Commission of Texas between October 2011 and August 2026, from 1 wellbore.
- How much is HEREDIA 46B worth?
- The remaining production from HEREDIA 46B is estimated to be worth about $553K in total as of 27 August 2026, within a range of $432K to $675K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HEREDIA 46B is a fraction of it. The estimate fits an Arps decline curve to the production HEREDIA 46B has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HEREDIA 46B is an estimate of value, not an offer and not an appraisal.
- How much income does HEREDIA 46B generate in a year?
- HEREDIA 46B is forecast to net about $160K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in HEREDIA 46B 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 | 42059 |
| Wellbores | 1 |
| Reported production | 60,200 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $553K |
Where HEREDIA 46B 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.