COBB
COBB is a Texas oil lease in Gregg County, Railroad Commission district 6E, operated by Jet Production Company. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 33,046 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 $301K, with roughly $58K 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 77 barrels a month, about 26 per wellbore. Its strongest month on the record we hold was December 2024, at 99 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 COBB
- Who operates COBB?
- COBB is operated by Jet Production Company, Railroad Commission of Texas operator number 432117.
- Where is COBB?
- COBB is a Texas oil lease in Gregg County, Texas, in Railroad Commission district 6E. Its Railroad Commission lease number is 06503.
- Is COBB still producing?
- COBB is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COBB is August 2026.
- How much has COBB produced?
- COBB has reported 33,046 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is COBB worth?
- The remaining production from COBB is estimated to be worth about $301K in total as of 27 August 2026, within a range of $166K to $437K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COBB is a fraction of it. The estimate fits an Arps decline curve to the production COBB has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COBB is an estimate of value, not an offer and not an appraisal.
- How much income does COBB generate in a year?
- COBB is forecast to net about $58K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in COBB receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Jet Production Company |
|---|---|
| Field | East Texas |
| County | Gregg County, Texas |
| RRC district | 6E |
| Lease number | 06503 |
| Wellbores | 3 |
| Reported production | 33,046 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $301K |
Where COBB 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.