GARRETT-COLE
GARRETT-COLE is a Texas oil lease in Waller County, Railroad Commission district 03, operated by Express Oil Co. It has 7 wellbores on file with the Commission. Reported production runs from February 2003 to August 2026, totalling 591,105 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 $165K, with roughly $30K 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 barrels a month, about 5 per wellbore. Its strongest month on the record we hold was May 2019, at 443 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 GARRETT-COLE
- Who operates GARRETT-COLE?
- GARRETT-COLE is operated by Express Oil Co., Railroad Commission of Texas operator number 257068.
- Where is GARRETT-COLE?
- GARRETT-COLE is a Texas oil lease in Waller County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 24438.
- Is GARRETT-COLE still producing?
- GARRETT-COLE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GARRETT-COLE is August 2026.
- How much has GARRETT-COLE produced?
- GARRETT-COLE has reported 591,105 barrels of oil (bbl) to the Railroad Commission of Texas between February 2003 and August 2026, from 7 wellbores.
- How much is GARRETT-COLE worth?
- The remaining production from GARRETT-COLE is estimated to be worth about $165K in total as of 26 August 2026, within a range of $91K to $239K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GARRETT-COLE is a fraction of it. The estimate fits an Arps decline curve to the production GARRETT-COLE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GARRETT-COLE is an estimate of value, not an offer and not an appraisal.
- How much income does GARRETT-COLE generate in a year?
- GARRETT-COLE is forecast to net about $30K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GARRETT-COLE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Express Oil Co. |
|---|---|
| Field | Brookshire |
| County | Waller County, Texas |
| RRC district | 03 |
| Lease number | 24438 |
| Wellbores | 7 |
| Reported production | 591,105 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $165K |
Where GARRETT-COLE 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.