COBB, T. B.
COBB, T. B. is a Texas oil lease in Gray County, Railroad Commission district 10, operated by Nortex Operating Services, Inc. It has 30 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 62,490 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 $80K, with roughly $15K 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 59 barrels a month, about 2 per wellbore. Its strongest month on the record we hold was July 2016, at 355 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 COBB, T. B.
- Who operates COBB, T. B.?
- COBB, T. B. is operated by Nortex Operating Services, Inc., Railroad Commission of Texas operator number 613528.
- Where is COBB, T. B.?
- COBB, T. B. is a Texas oil lease in Gray County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 01539.
- Is COBB, T. B. still producing?
- COBB, T. B. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COBB, T. B. is August 2026.
- How much has COBB, T. B. produced?
- COBB, T. B. has reported 62,490 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 30 wellbores.
- How much is COBB, T. B. worth?
- The remaining production from COBB, T. B. is estimated to be worth about $80K in total as of 26 August 2026, within a range of $44K to $116K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COBB, T. B. is a fraction of it. The estimate fits an Arps decline curve to the production COBB, T. B. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COBB, T. B. is an estimate of value, not an offer and not an appraisal.
- How much income does COBB, T. B. generate in a year?
- COBB, T. B. is forecast to net about $15K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in COBB, T. B. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Nortex Operating Services, Inc. |
|---|---|
| Field | Panhandle Gray County Field |
| County | Gray County, Texas |
| RRC district | 10 |
| Lease number | 01539 |
| Wellbores | 30 |
| Reported production | 62,490 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $80K |
Where COBB, T. B. 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.