COLT 34-103
COLT 34-103 is a Texas oil lease in Ward County, Railroad Commission district 08, operated by Energen Resources Corporation. It has 7 wellbores on file with the Commission. Reported production runs from July 2012 to August 2026, totalling 1,497,133 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 $11.9M, with roughly $4.0M 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 6,120 barrels a month, about 874 per wellbore. Its strongest month on the record we hold was November 2023, at 12,903 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 COLT 34-103
- Who operates COLT 34-103?
- COLT 34-103 is operated by Energen Resources Corporation, Railroad Commission of Texas operator number 252002.
- Where is COLT 34-103?
- COLT 34-103 is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 43423.
- Is COLT 34-103 still producing?
- COLT 34-103 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COLT 34-103 is August 2026.
- How much has COLT 34-103 produced?
- COLT 34-103 has reported 1,497,133 barrels of oil (bbl) to the Railroad Commission of Texas between July 2012 and August 2026, from 7 wellbores.
- How much is COLT 34-103 worth?
- The remaining production from COLT 34-103 is estimated to be worth about $11.9M in total as of 27 August 2026, within a range of $9.9M to $14.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COLT 34-103 is a fraction of it. The estimate fits an Arps decline curve to the production COLT 34-103 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COLT 34-103 is an estimate of value, not an offer and not an appraisal.
- How much income does COLT 34-103 generate in a year?
- COLT 34-103 is forecast to net about $4.0M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in COLT 34-103 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Energen Resources Corporation |
|---|---|
| Field | Two Georges (Bone Spring) |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 43423 |
| Wellbores | 7 |
| Reported production | 1,497,133 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $11.9M |
Where COLT 34-103 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.