COLE
COLE is a Texas oil lease in Mitchell County, Railroad Commission district 08, operated by Bedford Oil & Gas, Inc. It has 4 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 48,655 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 $4K, with roughly $719 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 2 barrels a month. Its strongest month on the record we hold was October 2024, at 146 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 COLE
- Who operates COLE?
- COLE is operated by Bedford Oil & Gas, Inc., Railroad Commission of Texas operator number 061600.
- Where is COLE?
- COLE is a Texas oil lease in Mitchell County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 24550.
- Is COLE still producing?
- COLE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COLE is August 2026.
- How much has COLE produced?
- COLE has reported 48,655 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 4 wellbores.
- How much is COLE worth?
- The remaining production from COLE is estimated to be worth about $4K in total as of 27 August 2026, within a range of $0 to $7K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COLE is a fraction of it. The estimate fits an Arps decline curve to the production COLE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COLE is an estimate of value, not an offer and not an appraisal.
- How much income does COLE generate in a year?
- COLE is forecast to net about $719 across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in COLE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Bedford Oil & Gas, Inc. |
|---|---|
| Field | Westbrook, East (Clear Fork) |
| County | Mitchell County, Texas |
| RRC district | 08 |
| Lease number | 24550 |
| Wellbores | 4 |
| Reported production | 48,655 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4K |
Where COLE 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.