COBRA
COBRA is a Texas gas lease in Fayette County, Railroad Commission district 03, operated by Ramtex Energy LLC. It has 1 wellbore on file with the Commission. Reported production runs from January 2019 to August 2026, totalling 3,039,596 thousand cubic feet. 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 $2.1M, with roughly $508K 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 9,451 thousand cubic feet a month. Its strongest month on the record we hold was February 2019, at 280,295 thousand cubic feet. 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 COBRA
- Who operates COBRA?
- COBRA is operated by Ramtex Energy LLC, Railroad Commission of Texas operator number 690225.
- Where is COBRA?
- COBRA is a Texas gas lease in Fayette County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 286524.
- Is COBRA still producing?
- COBRA is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COBRA is August 2026.
- How much has COBRA produced?
- COBRA has reported 3,039,596 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 2019 and August 2026, from 1 wellbore.
- How much is COBRA worth?
- The remaining production from COBRA is estimated to be worth about $2.1M in total as of 26 August 2026, within a range of $1.8M to $2.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COBRA is a fraction of it. The estimate fits an Arps decline curve to the production COBRA has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COBRA is an estimate of value, not an offer and not an appraisal.
- How much income does COBRA generate in a year?
- COBRA is forecast to net about $508K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in COBRA receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ramtex Energy LLC |
|---|---|
| Field | Giddings (Austin Chalk, Gas) |
| County | Fayette County, Texas |
| RRC district | 03 |
| Lease number | 286524 |
| Wellbores | 1 |
| Reported production | 3,039,596 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.1M |
Where COBRA 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.