HEREDIA 46A
HEREDIA 46A 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 October 2010 to August 2026, totalling 54,372 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 $880K, with roughly $166K 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 294 barrels a month. Its strongest month on the record we hold was March 2025, at 989 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 HEREDIA 46A
- Who operates HEREDIA 46A?
- HEREDIA 46A is operated by Cobra Oil & Gas Corporation, Railroad Commission of Texas operator number 163000.
- Where is HEREDIA 46A?
- HEREDIA 46A is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 40601.
- Is HEREDIA 46A still producing?
- HEREDIA 46A is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HEREDIA 46A is August 2026.
- How much has HEREDIA 46A produced?
- HEREDIA 46A has reported 54,372 barrels of oil (bbl) to the Railroad Commission of Texas between October 2010 and August 2026, from 1 wellbore.
- How much is HEREDIA 46A worth?
- The remaining production from HEREDIA 46A is estimated to be worth about $880K in total as of 26 August 2026, within a range of $686K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HEREDIA 46A is a fraction of it. The estimate fits an Arps decline curve to the production HEREDIA 46A has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HEREDIA 46A is an estimate of value, not an offer and not an appraisal.
- How much income does HEREDIA 46A generate in a year?
- HEREDIA 46A is forecast to net about $166K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HEREDIA 46A 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 | 40601 |
| Wellbores | 1 |
| Reported production | 54,372 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $880K |
Where HEREDIA 46A 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.