COLE RANCH -35-
COLE RANCH -35- is a Texas oil lease in Glasscock County, Railroad Commission district 08, operated by Energen Resources Corporation. It has 40 wellbores on file with the Commission. Reported production runs from July 2010 to August 2026, totalling 2,132,413 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 $12.6M, with roughly $3.8M 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 4,816 barrels a month, about 120 per wellbore. Its strongest month on the record we hold was May 2016, at 23,132 barrels. 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 COLE RANCH -35-
- Who operates COLE RANCH -35-?
- COLE RANCH -35- is operated by Energen Resources Corporation, Railroad Commission of Texas operator number 252002.
- Where is COLE RANCH -35-?
- COLE RANCH -35- is a Texas oil lease in Glasscock County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 40428.
- Is COLE RANCH -35- still producing?
- COLE RANCH -35- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COLE RANCH -35- is August 2026.
- How much has COLE RANCH -35- produced?
- COLE RANCH -35- has reported 2,132,413 barrels of oil (bbl) to the Railroad Commission of Texas between July 2010 and August 2026, from 40 wellbores.
- How much is COLE RANCH -35- worth?
- The remaining production from COLE RANCH -35- is estimated to be worth about $12.6M in total as of 27 August 2026, within a range of $10.5M to $14.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COLE RANCH -35- is a fraction of it. The estimate fits an Arps decline curve to the production COLE RANCH -35- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COLE RANCH -35- is an estimate of value, not an offer and not an appraisal.
- How much income does COLE RANCH -35- generate in a year?
- COLE RANCH -35- is forecast to net about $3.8M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in COLE RANCH -35- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Energen Resources Corporation |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Glasscock County, Texas |
| RRC district | 08 |
| Lease number | 40428 |
| Wellbores | 40 |
| Reported production | 2,132,413 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $12.6M |
Where COLE RANCH -35- 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.