COLLINS OIL UNIT
COLLINS OIL UNIT is a Texas oil lease in Panola County, Railroad Commission district 06, operated by Devon Energy Production Co, L.P. It has 1 wellbore on file with the Commission. Reported production runs from October 2002 to August 2026, totalling 102,068 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 $1.5M, with roughly $370K 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 515 barrels a month. Its strongest month on the record we hold was December 2021, at 1,005 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 COLLINS OIL UNIT
- Who operates COLLINS OIL UNIT?
- COLLINS OIL UNIT is operated by Devon Energy Production Co, L.P., Railroad Commission of Texas operator number 216378.
- Where is COLLINS OIL UNIT?
- COLLINS OIL UNIT is a Texas oil lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 14187.
- Is COLLINS OIL UNIT still producing?
- COLLINS OIL UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COLLINS OIL UNIT is August 2026.
- How much has COLLINS OIL UNIT produced?
- COLLINS OIL UNIT has reported 102,068 barrels of oil (bbl) to the Railroad Commission of Texas between October 2002 and August 2026, from 1 wellbore.
- How much is COLLINS OIL UNIT worth?
- The remaining production from COLLINS OIL UNIT is estimated to be worth about $1.5M in total as of 27 August 2026, within a range of $1.2M to $1.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COLLINS OIL UNIT is a fraction of it. The estimate fits an Arps decline curve to the production COLLINS OIL UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COLLINS OIL UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does COLLINS OIL UNIT generate in a year?
- COLLINS OIL UNIT is forecast to net about $370K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in COLLINS OIL UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Devon Energy Production Co, L.P. |
|---|---|
| Field | Carthage (Hill, Southwest) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 14187 |
| Wellbores | 1 |
| Reported production | 102,068 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.5M |
Where COLLINS OIL 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.