LONG SHOT UNIT
LONG SHOT UNIT is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Cog Operating LLC. It has 3 wellbores on file with the Commission. Reported production runs from July 2021 to August 2026, totalling 1,446,215 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 $15.3M, with roughly $6.6M 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 9,827 barrels a month, about 3,276 per wellbore. Its strongest month on the record we hold was March 2022, at 119,201 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 LONG SHOT UNIT
- Who operates LONG SHOT UNIT?
- LONG SHOT UNIT is operated by Cog Operating LLC, Railroad Commission of Texas operator number 166150.
- Where is LONG SHOT UNIT?
- LONG SHOT UNIT is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 21563.
- Is LONG SHOT UNIT still producing?
- LONG SHOT UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LONG SHOT UNIT is August 2026.
- How much has LONG SHOT UNIT produced?
- LONG SHOT UNIT has reported 1,446,215 barrels of oil (bbl) to the Railroad Commission of Texas between July 2021 and August 2026, from 3 wellbores.
- How much is LONG SHOT UNIT worth?
- The remaining production from LONG SHOT UNIT is estimated to be worth about $15.3M in total as of 26 August 2026, within a range of $12.7M to $17.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LONG SHOT UNIT is a fraction of it. The estimate fits an Arps decline curve to the production LONG SHOT UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LONG SHOT UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does LONG SHOT UNIT generate in a year?
- LONG SHOT UNIT is forecast to net about $6.6M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LONG SHOT UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cog Operating LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 21563 |
| Wellbores | 3 |
| Reported production | 1,446,215 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $15.3M |
Where LONG SHOT 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.