COLEMAN, L.M.
COLEMAN, L.M. is a Texas oil lease in Mitchell County, Railroad Commission district 08, operated by Wilbanks, Bruce A. It has 7 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 169,589 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 $441K, with roughly $85K 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 129 barrels a month, about 18 per wellbore. Its strongest month on the record we hold was July 2017, at 460 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 COLEMAN, L.M.
- Who operates COLEMAN, L.M.?
- COLEMAN, L.M. is operated by Wilbanks, Bruce A., Railroad Commission of Texas operator number 923060.
- Where is COLEMAN, L.M.?
- COLEMAN, L.M. is a Texas oil lease in Mitchell County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 24826.
- Is COLEMAN, L.M. still producing?
- COLEMAN, L.M. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COLEMAN, L.M. is August 2026.
- How much has COLEMAN, L.M. produced?
- COLEMAN, L.M. has reported 169,589 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 7 wellbores.
- How much is COLEMAN, L.M. worth?
- The remaining production from COLEMAN, L.M. is estimated to be worth about $441K in total as of 27 August 2026, within a range of $344K to $538K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COLEMAN, L.M. is a fraction of it. The estimate fits an Arps decline curve to the production COLEMAN, L.M. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COLEMAN, L.M. is an estimate of value, not an offer and not an appraisal.
- How much income does COLEMAN, L.M. generate in a year?
- COLEMAN, L.M. is forecast to net about $85K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in COLEMAN, L.M. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Wilbanks, Bruce A. |
|---|---|
| Field | Coleman Ranch |
| County | Mitchell County, Texas |
| RRC district | 08 |
| Lease number | 24826 |
| Wellbores | 7 |
| Reported production | 169,589 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $441K |
Where COLEMAN, L.M. 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.