COLEBANK
COLEBANK is a Texas oil lease in Gray County, Railroad Commission district 10, operated by Travelers Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 17,153 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 $135K, with roughly $24K 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 28 barrels a month. Its strongest month on the record we hold was August 2021, at 61 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 COLEBANK
- Who operates COLEBANK?
- COLEBANK is operated by Travelers Oil Company, Railroad Commission of Texas operator number 865980.
- Where is COLEBANK?
- COLEBANK is a Texas oil lease in Gray County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 04300.
- Is COLEBANK still producing?
- COLEBANK is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COLEBANK is August 2026.
- How much has COLEBANK produced?
- COLEBANK has reported 17,153 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is COLEBANK worth?
- The remaining production from COLEBANK is estimated to be worth about $135K in total as of 26 August 2026, within a range of $74K to $196K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COLEBANK is a fraction of it. The estimate fits an Arps decline curve to the production COLEBANK has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COLEBANK is an estimate of value, not an offer and not an appraisal.
- How much income does COLEBANK generate in a year?
- COLEBANK is forecast to net about $24K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in COLEBANK receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Travelers Oil Company |
|---|---|
| Field | Panhandle Gray County Field |
| County | Gray County, Texas |
| RRC district | 10 |
| Lease number | 04300 |
| Wellbores | 1 |
| Reported production | 17,153 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $135K |
Where COLEBANK 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.