COLBERT, JACK
COLBERT, JACK is a Texas oil lease in Milam County, Railroad Commission district 01, operated by 3r-B Oil Venture. It has 5 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 73,919 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 $281K, with roughly $54K 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 43 barrels a month, about 9 per wellbore. Its strongest month on the record we hold was February 2020, at 159 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 COLBERT, JACK
- Who operates COLBERT, JACK?
- COLBERT, JACK is operated by 3r-B Oil Venture, Railroad Commission of Texas operator number 953641.
- Where is COLBERT, JACK?
- COLBERT, JACK is a Texas oil lease in Milam County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 10050.
- Is COLBERT, JACK still producing?
- COLBERT, JACK is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COLBERT, JACK is August 2026.
- How much has COLBERT, JACK produced?
- COLBERT, JACK has reported 73,919 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 5 wellbores.
- How much is COLBERT, JACK worth?
- The remaining production from COLBERT, JACK is estimated to be worth about $281K in total as of 26 August 2026, within a range of $155K to $408K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COLBERT, JACK is a fraction of it. The estimate fits an Arps decline curve to the production COLBERT, JACK has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COLBERT, JACK is an estimate of value, not an offer and not an appraisal.
- How much income does COLBERT, JACK generate in a year?
- COLBERT, JACK is forecast to net about $54K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in COLBERT, JACK receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | 3r-B Oil Venture |
|---|---|
| Field | Midway (2300 Oil) |
| County | Milam County, Texas |
| RRC district | 01 |
| Lease number | 10050 |
| Wellbores | 5 |
| Reported production | 73,919 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $281K |
Where COLBERT, JACK 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.