COLLETTE 1029
COLLETTE 1029 is a Texas oil lease in Lipscomb County, Railroad Commission district 10, operated by Holmes Exploration, LLC. It has 3 wellbores on file with the Commission. Reported production runs from June 2009 to August 2026, totalling 200,727 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 $1.1M, with roughly $198K 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 222 barrels a month, about 74 per wellbore. Its strongest month on the record we hold was June 2016, at 1,593 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 COLLETTE 1029
- Who operates COLLETTE 1029?
- COLLETTE 1029 is operated by Holmes Exploration, LLC, Railroad Commission of Texas operator number 394700.
- Where is COLLETTE 1029?
- COLLETTE 1029 is a Texas oil lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 08007.
- Is COLLETTE 1029 still producing?
- COLLETTE 1029 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COLLETTE 1029 is August 2026.
- How much has COLLETTE 1029 produced?
- COLLETTE 1029 has reported 200,727 barrels of oil (bbl) to the Railroad Commission of Texas between June 2009 and August 2026, from 3 wellbores.
- How much is COLLETTE 1029 worth?
- The remaining production from COLLETTE 1029 is estimated to be worth about $1.1M in total as of 27 August 2026, within a range of $877K to $1.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COLLETTE 1029 is a fraction of it. The estimate fits an Arps decline curve to the production COLLETTE 1029 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COLLETTE 1029 is an estimate of value, not an offer and not an appraisal.
- How much income does COLLETTE 1029 generate in a year?
- COLLETTE 1029 is forecast to net about $198K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in COLLETTE 1029 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Holmes Exploration, LLC |
|---|---|
| Field | Kiowa Creek (Marmaton) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 08007 |
| Wellbores | 3 |
| Reported production | 200,727 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.1M |
Where COLLETTE 1029 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.