COON
COON is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Pioneer Natural Res. USA, Inc. It has 2 wellbores on file with the Commission. Reported production runs from January 2007 to August 2026, totalling 94,162 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 $917K, with roughly $172K 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 157 barrels a month, about 78 per wellbore. Its strongest month on the record we hold was November 2025, at 507 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 COON
- Who operates COON?
- COON is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is COON?
- COON is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 38059.
- Is COON still producing?
- COON is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COON is August 2026.
- How much has COON produced?
- COON has reported 94,162 barrels of oil (bbl) to the Railroad Commission of Texas between January 2007 and August 2026, from 2 wellbores.
- How much is COON worth?
- The remaining production from COON is estimated to be worth about $917K in total as of 26 August 2026, within a range of $715K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COON is a fraction of it. The estimate fits an Arps decline curve to the production COON has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COON is an estimate of value, not an offer and not an appraisal.
- How much income does COON generate in a year?
- COON is forecast to net about $172K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in COON receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pioneer Natural Res. USA, Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 38059 |
| Wellbores | 2 |
| Reported production | 94,162 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $917K |
Where COON 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.