TERRY "118"
TERRY "118" is a Texas oil lease in Coke County, Railroad Commission district 7C, operated by Cross Timbers Operating Company. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 10,225 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 $59K, with roughly $10K 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 14 barrels a month, about 7 per wellbore. Its strongest month on the record we hold was January 2022, at 163 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 TERRY "118"
- Who operates TERRY "118"?
- TERRY "118" is operated by Cross Timbers Operating Company, Railroad Commission of Texas operator number 190468.
- Where is TERRY "118"?
- TERRY "118" is a Texas oil lease in Coke County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 07587.
- Is TERRY "118" still producing?
- TERRY "118" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for TERRY "118" is August 2026.
- How much has TERRY "118" produced?
- TERRY "118" has reported 10,225 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is TERRY "118" worth?
- The remaining production from TERRY "118" is estimated to be worth about $59K in total as of 27 August 2026, within a range of $33K to $86K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TERRY "118" is a fraction of it. The estimate fits an Arps decline curve to the production TERRY "118" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TERRY "118" is an estimate of value, not an offer and not an appraisal.
- How much income does TERRY "118" generate in a year?
- TERRY "118" is forecast to net about $10K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in TERRY "118" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cross Timbers Operating Company |
|---|---|
| Field | Jameson (Strawn) |
| County | Coke County, Texas |
| RRC district | 7C |
| Lease number | 07587 |
| Wellbores | 2 |
| Reported production | 10,225 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $59K |
Where TERRY "118" 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.