ALLAR 3
ALLAR 3 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 August 2009 to August 2026, totalling 149,447 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 $2.0M, with roughly $479K 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 638 barrels a month, about 319 per wellbore. Its strongest month on the record we hold was April 2024, at 3,765 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 3
- Who operates ALLAR 3?
- ALLAR 3 is operated by Cobra Oil & Gas Corporation, Railroad Commission of Texas operator number 163000.
- Where is ALLAR 3?
- ALLAR 3 is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 39592.
- Is ALLAR 3 still producing?
- ALLAR 3 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ALLAR 3 is August 2026.
- How much has ALLAR 3 produced?
- ALLAR 3 has reported 149,447 barrels of oil (bbl) to the Railroad Commission of Texas between August 2009 and August 2026, from 2 wellbores.
- How much is ALLAR 3 worth?
- The remaining production from ALLAR 3 is estimated to be worth about $2.0M in total as of 26 August 2026, within a range of $1.5M to $2.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ALLAR 3 is a fraction of it. The estimate fits an Arps decline curve to the production ALLAR 3 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ALLAR 3 is an estimate of value, not an offer and not an appraisal.
- How much income does ALLAR 3 generate in a year?
- ALLAR 3 is forecast to net about $479K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ALLAR 3 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 | 39592 |
| Wellbores | 2 |
| Reported production | 149,447 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.0M |
Where ALLAR 3 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.