ALLAR 25
ALLAR 25 is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Cobra Oil & Gas Corporation. It has 2 wellbores on file with the Commission. Reported production runs from May 2009 to August 2026, totalling 165,722 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 $499K, with roughly $112K 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 275 barrels a month, about 138 per wellbore. Its strongest month on the record we hold was April 2026, at 848 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 ALLAR 25
- Who operates ALLAR 25?
- ALLAR 25 is operated by Cobra Oil & Gas Corporation, Railroad Commission of Texas operator number 163000.
- Where is ALLAR 25?
- ALLAR 25 is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 39488.
- Is ALLAR 25 still producing?
- ALLAR 25 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ALLAR 25 is August 2026.
- How much has ALLAR 25 produced?
- ALLAR 25 has reported 165,722 barrels of oil (bbl) to the Railroad Commission of Texas between May 2009 and August 2026, from 2 wellbores.
- How much is ALLAR 25 worth?
- The remaining production from ALLAR 25 is estimated to be worth about $499K in total as of 26 August 2026, within a range of $389K to $608K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ALLAR 25 is a fraction of it. The estimate fits an Arps decline curve to the production ALLAR 25 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ALLAR 25 is an estimate of value, not an offer and not an appraisal.
- How much income does ALLAR 25 generate in a year?
- ALLAR 25 is forecast to net about $112K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ALLAR 25 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 | Martin County, Texas |
| RRC district | 08 |
| Lease number | 39488 |
| Wellbores | 2 |
| Reported production | 165,722 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $499K |
Where ALLAR 25 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.