TXL T3
TXL T3 is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Cog Operating LLC. It has 1 wellbore on file with the Commission. Reported production runs from October 2017 to August 2026, totalling 557,093 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 $1.7M, with roughly $693K 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 767 barrels a month. Its strongest month on the record we hold was December 2017, at 38,301 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 TXL T3
- Who operates TXL T3?
- TXL T3 is operated by Cog Operating LLC, Railroad Commission of Texas operator number 166150.
- Where is TXL T3?
- TXL T3 is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 19702.
- Is TXL T3 still producing?
- TXL T3 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for TXL T3 is August 2026.
- How much has TXL T3 produced?
- TXL T3 has reported 557,093 barrels of oil (bbl) to the Railroad Commission of Texas between October 2017 and August 2026, from 1 wellbore.
- How much is TXL T3 worth?
- The remaining production from TXL T3 is estimated to be worth about $1.7M in total as of 26 August 2026, within a range of $1.4M to $2.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TXL T3 is a fraction of it. The estimate fits an Arps decline curve to the production TXL T3 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TXL T3 is an estimate of value, not an offer and not an appraisal.
- How much income does TXL T3 generate in a year?
- TXL T3 is forecast to net about $693K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in TXL T3 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 | 19702 |
| Wellbores | 1 |
| Reported production | 557,093 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.7M |
Where TXL T3 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.