ROMAN 20
ROMAN 20 is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Cobra Oil & Gas Corporation. It has 4 wellbores on file with the Commission. Reported production runs from December 2011 to August 2026, totalling 164,064 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 $773K, with roughly $136K 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 245 barrels a month, about 61 per wellbore. Its strongest month on the record we hold was June 2019, at 2,220 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 ROMAN 20
- Who operates ROMAN 20?
- ROMAN 20 is operated by Cobra Oil & Gas Corporation, Railroad Commission of Texas operator number 163000.
- Where is ROMAN 20?
- ROMAN 20 is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 42819.
- Is ROMAN 20 still producing?
- ROMAN 20 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ROMAN 20 is August 2026.
- How much has ROMAN 20 produced?
- ROMAN 20 has reported 164,064 barrels of oil (bbl) to the Railroad Commission of Texas between December 2011 and August 2026, from 4 wellbores.
- How much is ROMAN 20 worth?
- The remaining production from ROMAN 20 is estimated to be worth about $773K in total as of 26 August 2026, within a range of $603K to $943K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ROMAN 20 is a fraction of it. The estimate fits an Arps decline curve to the production ROMAN 20 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ROMAN 20 is an estimate of value, not an offer and not an appraisal.
- How much income does ROMAN 20 generate in a year?
- ROMAN 20 is forecast to net about $136K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ROMAN 20 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 | 42819 |
| Wellbores | 4 |
| Reported production | 164,064 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $773K |
Where ROMAN 20 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.