BABSTON HEIRS
BABSTON HEIRS is a Texas oil lease in Coleman County, Railroad Commission district 7B, operated by Novo Exploration Corporation. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 35,601 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 $182K, with roughly $35K 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 50 barrels a month. Its strongest month on the record we hold was May 2016, at 132 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 BABSTON HEIRS
- Who operates BABSTON HEIRS?
- BABSTON HEIRS is operated by Novo Exploration Corporation, Railroad Commission of Texas operator number 615780.
- Where is BABSTON HEIRS?
- BABSTON HEIRS is a Texas oil lease in Coleman County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 21311.
- Is BABSTON HEIRS still producing?
- BABSTON HEIRS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BABSTON HEIRS is August 2026.
- How much has BABSTON HEIRS produced?
- BABSTON HEIRS has reported 35,601 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is BABSTON HEIRS worth?
- The remaining production from BABSTON HEIRS is estimated to be worth about $182K in total as of 26 August 2026, within a range of $100K to $264K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BABSTON HEIRS is a fraction of it. The estimate fits an Arps decline curve to the production BABSTON HEIRS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BABSTON HEIRS is an estimate of value, not an offer and not an appraisal.
- How much income does BABSTON HEIRS generate in a year?
- BABSTON HEIRS is forecast to net about $35K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BABSTON HEIRS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Novo Exploration Corporation |
|---|---|
| Field | Jim Ned |
| County | Coleman County, Texas |
| RRC district | 7B |
| Lease number | 21311 |
| Wellbores | 1 |
| Reported production | 35,601 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $182K |
Where BABSTON HEIRS 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.