COWBOY JOE 708
COWBOY JOE 708 is a Texas oil lease in Yoakum County, Railroad Commission district 8A, operated by Wishbone Texas Operating Co LLC. It has 4 wellbores on file with the Commission. Reported production runs from December 2018 to August 2026, totalling 1,087,066 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 $37.6M, with roughly $8.1M 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 11,385 barrels a month, about 2,846 per wellbore. Its strongest month on the record we hold was October 2019, at 22,674 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 COWBOY JOE 708
- Who operates COWBOY JOE 708?
- COWBOY JOE 708 is operated by Wishbone Texas Operating Co LLC, Railroad Commission of Texas operator number 933935.
- Where is COWBOY JOE 708?
- COWBOY JOE 708 is a Texas oil lease in Yoakum County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 70872.
- Is COWBOY JOE 708 still producing?
- COWBOY JOE 708 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COWBOY JOE 708 is August 2026.
- How much has COWBOY JOE 708 produced?
- COWBOY JOE 708 has reported 1,087,066 barrels of oil (bbl) to the Railroad Commission of Texas between December 2018 and August 2026, from 4 wellbores.
- How much is COWBOY JOE 708 worth?
- The remaining production from COWBOY JOE 708 is estimated to be worth about $37.6M in total as of 26 August 2026, within a range of $30.8M to $44.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COWBOY JOE 708 is a fraction of it. The estimate fits an Arps decline curve to the production COWBOY JOE 708 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COWBOY JOE 708 is an estimate of value, not an offer and not an appraisal.
- How much income does COWBOY JOE 708 generate in a year?
- COWBOY JOE 708 is forecast to net about $8.1M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in COWBOY JOE 708 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Wishbone Texas Operating Co LLC |
|---|---|
| Field | Platang (San Andres) |
| County | Yoakum County, Texas |
| RRC district | 8A |
| Lease number | 70872 |
| Wellbores | 4 |
| Reported production | 1,087,066 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $37.6M |
Where COWBOY JOE 708 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.