ALLAR 29
ALLAR 29 is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Cobra Oil & Gas Corporation. It has 5 wellbores on file with the Commission. Reported production runs from September 2009 to August 2026, totalling 137,248 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 $749K, with roughly $143K 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 126 barrels a month, about 25 per wellbore. Its strongest month on the record we hold was October 2024, at 802 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 29
- Who operates ALLAR 29?
- ALLAR 29 is operated by Cobra Oil & Gas Corporation, Railroad Commission of Texas operator number 163000.
- Where is ALLAR 29?
- ALLAR 29 is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 39658.
- Is ALLAR 29 still producing?
- ALLAR 29 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ALLAR 29 is August 2026.
- How much has ALLAR 29 produced?
- ALLAR 29 has reported 137,248 barrels of oil (bbl) to the Railroad Commission of Texas between September 2009 and August 2026, from 5 wellbores.
- How much is ALLAR 29 worth?
- The remaining production from ALLAR 29 is estimated to be worth about $749K in total as of 26 August 2026, within a range of $584K to $913K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ALLAR 29 is a fraction of it. The estimate fits an Arps decline curve to the production ALLAR 29 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ALLAR 29 is an estimate of value, not an offer and not an appraisal.
- How much income does ALLAR 29 generate in a year?
- ALLAR 29 is forecast to net about $143K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ALLAR 29 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 | 39658 |
| Wellbores | 5 |
| Reported production | 137,248 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $749K |
Where ALLAR 29 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.