COBLE
COBLE is a Texas oil lease in Hutchinson County, Railroad Commission district 10, operated by Jones Energy, LLC. It has 1 wellbore on file with the Commission. Reported production runs from October 2018 to August 2026, totalling 11,077 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 $272K, with roughly $51K 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 76 barrels a month. Its strongest month on the record we hold was October 2018, at 619 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 COBLE
- Who operates COBLE?
- COBLE is operated by Jones Energy, LLC, Railroad Commission of Texas operator number 441132.
- Where is COBLE?
- COBLE is a Texas oil lease in Hutchinson County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 09684.
- Is COBLE still producing?
- COBLE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COBLE is August 2026.
- How much has COBLE produced?
- COBLE has reported 11,077 barrels of oil (bbl) to the Railroad Commission of Texas between October 2018 and August 2026, from 1 wellbore.
- How much is COBLE worth?
- The remaining production from COBLE is estimated to be worth about $272K in total as of 27 August 2026, within a range of $150K to $395K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COBLE is a fraction of it. The estimate fits an Arps decline curve to the production COBLE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COBLE is an estimate of value, not an offer and not an appraisal.
- How much income does COBLE generate in a year?
- COBLE is forecast to net about $51K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in COBLE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Jones Energy, LLC |
|---|---|
| Field | Lipscomb (Cleveland) |
| County | Hutchinson County, Texas |
| RRC district | 10 |
| Lease number | 09684 |
| Wellbores | 1 |
| Reported production | 11,077 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $272K |
Where COBLE 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.