COLEMAN RANCH UNIT
COLEMAN RANCH UNIT is a Texas oil lease in Mitchell County, Railroad Commission district 08, operated by Merit Energy Company. It has 145 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 3,812,461 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 $9.8M, with roughly $2.2M 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 3,130 barrels a month, about 22 per wellbore. Its strongest month on the record we hold was May 2016, at 5,967 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 RANCH UNIT
- Who operates COLEMAN RANCH UNIT?
- COLEMAN RANCH UNIT is operated by Merit Energy Company, Railroad Commission of Texas operator number 561136.
- Where is COLEMAN RANCH UNIT?
- COLEMAN RANCH UNIT is a Texas oil lease in Mitchell County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 23672.
- Is COLEMAN RANCH UNIT still producing?
- COLEMAN RANCH UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COLEMAN RANCH UNIT is August 2026.
- How much has COLEMAN RANCH UNIT produced?
- COLEMAN RANCH UNIT has reported 3,812,461 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 145 wellbores.
- How much is COLEMAN RANCH UNIT worth?
- The remaining production from COLEMAN RANCH UNIT is estimated to be worth about $9.8M in total as of 27 August 2026, within a range of $8.1M to $11.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COLEMAN RANCH UNIT is a fraction of it. The estimate fits an Arps decline curve to the production COLEMAN RANCH UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COLEMAN RANCH UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does COLEMAN RANCH UNIT generate in a year?
- COLEMAN RANCH UNIT is forecast to net about $2.2M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in COLEMAN RANCH UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Merit Energy Company |
|---|---|
| Field | Coleman Ranch |
| County | Mitchell County, Texas |
| RRC district | 08 |
| Lease number | 23672 |
| Wellbores | 145 |
| Reported production | 3,812,461 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $9.8M |
Where COLEMAN RANCH UNIT 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.