COLDWATER RANCH UNIT
COLDWATER RANCH UNIT is a Texas oil lease in Sherman County, Railroad Commission district 10, operated by Phillips Petroleum Company. It has 33 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 1,345,287 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 $5.4M, with roughly $1.2M 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 1,690 barrels a month, about 51 per wellbore. Its strongest month on the record we hold was March 2020, at 2,855 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 COLDWATER RANCH UNIT
- Who operates COLDWATER RANCH UNIT?
- COLDWATER RANCH UNIT is operated by Phillips Petroleum Company, Railroad Commission of Texas operator number 663680.
- Where is COLDWATER RANCH UNIT?
- COLDWATER RANCH UNIT is a Texas oil lease in Sherman County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 05941.
- Is COLDWATER RANCH UNIT still producing?
- COLDWATER RANCH UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COLDWATER RANCH UNIT is August 2026.
- How much has COLDWATER RANCH UNIT produced?
- COLDWATER RANCH UNIT has reported 1,345,287 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 33 wellbores.
- How much is COLDWATER RANCH UNIT worth?
- The remaining production from COLDWATER RANCH UNIT is estimated to be worth about $5.4M in total as of 26 August 2026, within a range of $4.5M to $6.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COLDWATER RANCH UNIT is a fraction of it. The estimate fits an Arps decline curve to the production COLDWATER 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 COLDWATER RANCH UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does COLDWATER RANCH UNIT generate in a year?
- COLDWATER RANCH UNIT is forecast to net about $1.2M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in COLDWATER RANCH UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Phillips Petroleum Company |
|---|---|
| Field | Coldwater Ranch (Marmaton) |
| County | Sherman County, Texas |
| RRC district | 10 |
| Lease number | 05941 |
| Wellbores | 33 |
| Reported production | 1,345,287 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $5.4M |
Where COLDWATER 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.