PIEDRA
PIEDRA is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Cog Operating LLC. It has 2 wellbores on file with the Commission. Reported production runs from August 2016 to August 2026, totalling 174,589 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 $2.2M, with roughly $457K 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 466 barrels a month, about 233 per wellbore. Its strongest month on the record we hold was October 2016, at 15,713 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 PIEDRA
- Who operates PIEDRA?
- PIEDRA is operated by Cog Operating LLC, Railroad Commission of Texas operator number 166150.
- Where is PIEDRA?
- PIEDRA is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 48133.
- Is PIEDRA still producing?
- PIEDRA is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PIEDRA is August 2026.
- How much has PIEDRA produced?
- PIEDRA has reported 174,589 barrels of oil (bbl) to the Railroad Commission of Texas between August 2016 and August 2026, from 2 wellbores.
- How much is PIEDRA worth?
- The remaining production from PIEDRA is estimated to be worth about $2.2M in total as of 26 August 2026, within a range of $1.7M to $2.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PIEDRA is a fraction of it. The estimate fits an Arps decline curve to the production PIEDRA has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PIEDRA is an estimate of value, not an offer and not an appraisal.
- How much income does PIEDRA generate in a year?
- PIEDRA is forecast to net about $457K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PIEDRA receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cog Operating LLC |
|---|---|
| Field | Parks (Consolidated) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 48133 |
| Wellbores | 2 |
| Reported production | 174,589 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.2M |
Where PIEDRA 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.