COULTER (SPRABERRY) UNIT
COULTER (SPRABERRY) UNIT is a Texas oil lease in Garza County, Railroad Commission district 8A, operated by Palmer Oil Properties. It has 32 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 610,007 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 $2.5M, with roughly $598K 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 846 barrels a month, about 26 per wellbore. Its strongest month on the record we hold was January 2017, at 1,348 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 COULTER (SPRABERRY) UNIT
- Who operates COULTER (SPRABERRY) UNIT?
- COULTER (SPRABERRY) UNIT is operated by Palmer Oil Properties, Railroad Commission of Texas operator number 635475.
- Where is COULTER (SPRABERRY) UNIT?
- COULTER (SPRABERRY) UNIT is a Texas oil lease in Garza County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 65136.
- Is COULTER (SPRABERRY) UNIT still producing?
- COULTER (SPRABERRY) UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COULTER (SPRABERRY) UNIT is August 2026.
- How much has COULTER (SPRABERRY) UNIT produced?
- COULTER (SPRABERRY) UNIT has reported 610,007 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 32 wellbores.
- How much is COULTER (SPRABERRY) UNIT worth?
- The remaining production from COULTER (SPRABERRY) UNIT is estimated to be worth about $2.5M in total as of 27 August 2026, within a range of $2.0M to $3.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COULTER (SPRABERRY) UNIT is a fraction of it. The estimate fits an Arps decline curve to the production COULTER (SPRABERRY) UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COULTER (SPRABERRY) UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does COULTER (SPRABERRY) UNIT generate in a year?
- COULTER (SPRABERRY) UNIT is forecast to net about $598K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in COULTER (SPRABERRY) UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Palmer Oil Properties |
|---|---|
| Field | Coulter (Spraberry) |
| County | Garza County, Texas |
| RRC district | 8A |
| Lease number | 65136 |
| Wellbores | 32 |
| Reported production | 610,007 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.5M |
Where COULTER (SPRABERRY) UNIT 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.