NADA
NADA is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Cog Operating LLC. It has 5 wellbores on file with the Commission. Reported production runs from November 2008 to August 2026, totalling 274,446 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 $1.2M, with roughly $311K 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 325 barrels a month, about 65 per wellbore. Its strongest month on the record we hold was June 2017, at 1,994 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 NADA
- Who operates NADA?
- NADA is operated by Cog Operating LLC, Railroad Commission of Texas operator number 166150.
- Where is NADA?
- NADA is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 16838.
- Is NADA still producing?
- NADA is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NADA is August 2026.
- How much has NADA produced?
- NADA has reported 274,446 barrels of oil (bbl) to the Railroad Commission of Texas between November 2008 and August 2026, from 5 wellbores.
- How much is NADA worth?
- The remaining production from NADA is estimated to be worth about $1.2M in total as of 26 August 2026, within a range of $946K to $1.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NADA is a fraction of it. The estimate fits an Arps decline curve to the production NADA has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NADA is an estimate of value, not an offer and not an appraisal.
- How much income does NADA generate in a year?
- NADA is forecast to net about $311K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NADA 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 | 16838 |
| Wellbores | 5 |
| Reported production | 274,446 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.2M |
Where NADA 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.