ADAMS 47
ADAMS 47 is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Cobra Oil & Gas Corporation. It has 3 wellbores on file with the Commission. Reported production runs from February 2012 to August 2026, totalling 214,832 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 $595K, with roughly $109K 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 125 barrels a month, about 42 per wellbore. Its strongest month on the record we hold was May 2016, at 5,717 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 ADAMS 47
- Who operates ADAMS 47?
- ADAMS 47 is operated by Cobra Oil & Gas Corporation, Railroad Commission of Texas operator number 163000.
- Where is ADAMS 47?
- ADAMS 47 is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 42478.
- Is ADAMS 47 still producing?
- ADAMS 47 is intermittent. The most recent month of production reported to the Railroad Commission of Texas for ADAMS 47 is August 2026.
- How much has ADAMS 47 produced?
- ADAMS 47 has reported 214,832 barrels of oil (bbl) to the Railroad Commission of Texas between February 2012 and August 2026, from 3 wellbores.
- How much is ADAMS 47 worth?
- The remaining production from ADAMS 47 is estimated to be worth about $595K in total as of 26 August 2026, within a range of $464K to $725K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ADAMS 47 is a fraction of it. The estimate fits an Arps decline curve to the production ADAMS 47 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ADAMS 47 is an estimate of value, not an offer and not an appraisal.
- How much income does ADAMS 47 generate in a year?
- ADAMS 47 is forecast to net about $109K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ADAMS 47 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cobra Oil & Gas Corporation |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 42478 |
| Wellbores | 3 |
| Reported production | 214,832 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $595K |
Where ADAMS 47 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.