COBRA #2
COBRA #2 is a Texas gas lease in Rusk County, Railroad Commission district 06, operated by El Paso E & P Company, L. P. It has 1 wellbore on file with the Commission. Reported production runs from June 2008 to August 2026, totalling 758,795 thousand cubic feet. 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 $292K, with roughly $44K 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 1,899 thousand cubic feet a month. Its strongest month on the record we hold was March 2021, at 15,722 thousand cubic feet. 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 COBRA #2
- Who operates COBRA #2?
- COBRA #2 is operated by El Paso E & P Company, L. P., Railroad Commission of Texas operator number 250195.
- Where is COBRA #2?
- COBRA #2 is a Texas gas lease in Rusk County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 242758.
- Is COBRA #2 still producing?
- COBRA #2 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COBRA #2 is August 2026.
- How much has COBRA #2 produced?
- COBRA #2 has reported 758,795 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between June 2008 and August 2026, from 1 wellbore.
- How much is COBRA #2 worth?
- The remaining production from COBRA #2 is estimated to be worth about $292K in total as of 26 August 2026, within a range of $243K to $342K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COBRA #2 is a fraction of it. The estimate fits an Arps decline curve to the production COBRA #2 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COBRA #2 is an estimate of value, not an offer and not an appraisal.
- How much income does COBRA #2 generate in a year?
- COBRA #2 is forecast to net about $44K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in COBRA #2 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | El Paso E & P Company, L. P. |
|---|---|
| Field | Minden (Cotton Valley Cons.) |
| County | Rusk County, Texas |
| RRC district | 06 |
| Lease number | 242758 |
| Wellbores | 1 |
| Reported production | 758,795 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $292K |
Where COBRA #2 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.