COBRA UNIT
COBRA UNIT is a Texas gas lease in Tarrant County, Railroad Commission district 09, operated by Newark Energy LLC. It has 1 wellbore on file with the Commission. Reported production runs from October 2011 to August 2026, totalling 4,492,159 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 $1.1M, with roughly $526K 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 37,469 thousand cubic feet a month. Its strongest month on the record we hold was October 2025, at 46,377 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 18% 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 UNIT
- Who operates COBRA UNIT?
- COBRA UNIT is operated by Newark Energy LLC, Railroad Commission of Texas operator number 606149.
- Where is COBRA UNIT?
- COBRA UNIT is a Texas gas lease in Tarrant County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 263641.
- Is COBRA UNIT still producing?
- COBRA UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COBRA UNIT is August 2026.
- How much has COBRA UNIT produced?
- COBRA UNIT has reported 4,492,159 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between October 2011 and August 2026, from 1 wellbore.
- How much is COBRA UNIT worth?
- The remaining production from COBRA UNIT is estimated to be worth about $1.1M in total as of 26 August 2026, within a range of $911K to $1.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COBRA UNIT is a fraction of it. The estimate fits an Arps decline curve to the production COBRA UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COBRA UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does COBRA UNIT generate in a year?
- COBRA UNIT is forecast to net about $526K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in COBRA UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Newark Energy LLC |
|---|---|
| Field | Newark, East (Barnett Shale) |
| County | Tarrant County, Texas |
| RRC district | 09 |
| Lease number | 263641 |
| Wellbores | 1 |
| Reported production | 4,492,159 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.1M |
Where COBRA 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.