HARPER-BAYES 16
HARPER-BAYES 16 is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Cobra Oil & Gas Corporation. It has 1 wellbore on file with the Commission. Reported production runs from July 2013 to August 2026, totalling 100,072 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 $786K, with roughly $223K 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 357 barrels a month. Its strongest month on the record we hold was September 2022, at 1,048 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 HARPER-BAYES 16
- Who operates HARPER-BAYES 16?
- HARPER-BAYES 16 is operated by Cobra Oil & Gas Corporation, Railroad Commission of Texas operator number 163000.
- Where is HARPER-BAYES 16?
- HARPER-BAYES 16 is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 44283.
- Is HARPER-BAYES 16 still producing?
- HARPER-BAYES 16 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HARPER-BAYES 16 is August 2026.
- How much has HARPER-BAYES 16 produced?
- HARPER-BAYES 16 has reported 100,072 barrels of oil (bbl) to the Railroad Commission of Texas between July 2013 and August 2026, from 1 wellbore.
- How much is HARPER-BAYES 16 worth?
- The remaining production from HARPER-BAYES 16 is estimated to be worth about $786K in total as of 27 August 2026, within a range of $613K to $959K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HARPER-BAYES 16 is a fraction of it. The estimate fits an Arps decline curve to the production HARPER-BAYES 16 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HARPER-BAYES 16 is an estimate of value, not an offer and not an appraisal.
- How much income does HARPER-BAYES 16 generate in a year?
- HARPER-BAYES 16 is forecast to net about $223K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in HARPER-BAYES 16 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 | 44283 |
| Wellbores | 1 |
| Reported production | 100,072 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $786K |
Where HARPER-BAYES 16 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.