FR COBALT 9
FR COBALT 9 is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Crownquest Operating, LLC. It has 1 wellbore on file with the Commission. Reported production runs from December 2016 to August 2026, totalling 85,753 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 $1.6M, with roughly $259K 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 239 barrels a month. Its strongest month on the record we hold was January 2017, at 5,437 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 FR COBALT 9
- Who operates FR COBALT 9?
- FR COBALT 9 is operated by Crownquest Operating, LLC, Railroad Commission of Texas operator number 191554.
- Where is FR COBALT 9?
- FR COBALT 9 is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 49633.
- Is FR COBALT 9 still producing?
- FR COBALT 9 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FR COBALT 9 is August 2026.
- How much has FR COBALT 9 produced?
- FR COBALT 9 has reported 85,753 barrels of oil (bbl) to the Railroad Commission of Texas between December 2016 and August 2026, from 1 wellbore.
- How much is FR COBALT 9 worth?
- The remaining production from FR COBALT 9 is estimated to be worth about $1.6M in total as of 26 August 2026, within a range of $1.2M to $1.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FR COBALT 9 is a fraction of it. The estimate fits an Arps decline curve to the production FR COBALT 9 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FR COBALT 9 is an estimate of value, not an offer and not an appraisal.
- How much income does FR COBALT 9 generate in a year?
- FR COBALT 9 is forecast to net about $259K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in FR COBALT 9 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Crownquest Operating, LLC |
|---|---|
| Field | Spraberry (Trend Area) R 40 Exc |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 49633 |
| Wellbores | 1 |
| Reported production | 85,753 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.6M |
Where FR COBALT 9 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.