COLBURN
COLBURN is a Texas oil lease in Gregg County, Railroad Commission district 6E, operated by Pickens Company, Inc., The. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 54,786 barrels. The lease is intermittent. 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 $49K, with roughly $9K 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 5 barrels a month, about 2 per wellbore. Its strongest month on the record we hold was January 2018, at 152 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 COLBURN
- Who operates COLBURN?
- COLBURN is operated by Pickens Company, Inc., The, Railroad Commission of Texas operator number 664420.
- Where is COLBURN?
- COLBURN is a Texas oil lease in Gregg County, Texas, in Railroad Commission district 6E. Its Railroad Commission lease number is 07690.
- Is COLBURN still producing?
- COLBURN is intermittent. The most recent month of production reported to the Railroad Commission of Texas for COLBURN is August 2026.
- How much has COLBURN produced?
- COLBURN has reported 54,786 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is COLBURN worth?
- The remaining production from COLBURN is estimated to be worth about $49K in total as of 27 August 2026, within a range of $0 to $99K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COLBURN is a fraction of it. The estimate fits an Arps decline curve to the production COLBURN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COLBURN is an estimate of value, not an offer and not an appraisal.
- How much income does COLBURN generate in a year?
- COLBURN is forecast to net about $9K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in COLBURN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pickens Company, Inc., The |
|---|---|
| Field | East Texas |
| County | Gregg County, Texas |
| RRC district | 6E |
| Lease number | 07690 |
| Wellbores | 3 |
| Reported production | 54,786 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $49K |
Where COLBURN 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.