WORSHAM
WORSHAM is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Cog Operating LLC. It has 1 wellbore on file with the Commission. Reported production runs from November 2016 to August 2026, totalling 474,680 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 $4.7M, with roughly $1.1M 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 1,325 barrels a month. Its strongest month on the record we hold was December 2016, at 25,616 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 WORSHAM
- Who operates WORSHAM?
- WORSHAM is operated by Cog Operating LLC, Railroad Commission of Texas operator number 166150.
- Where is WORSHAM?
- WORSHAM is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 48217.
- Is WORSHAM still producing?
- WORSHAM is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WORSHAM is August 2026.
- How much has WORSHAM produced?
- WORSHAM has reported 474,680 barrels of oil (bbl) to the Railroad Commission of Texas between November 2016 and August 2026, from 1 wellbore.
- How much is WORSHAM worth?
- The remaining production from WORSHAM is estimated to be worth about $4.7M in total as of 26 August 2026, within a range of $3.9M to $5.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WORSHAM is a fraction of it. The estimate fits an Arps decline curve to the production WORSHAM has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WORSHAM is an estimate of value, not an offer and not an appraisal.
- How much income does WORSHAM generate in a year?
- WORSHAM is forecast to net about $1.1M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WORSHAM receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cog Operating LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 48217 |
| Wellbores | 1 |
| Reported production | 474,680 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.7M |
Where WORSHAM 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.