COLONEL DRAKE 24
COLONEL DRAKE 24 is a Texas oil lease in Ward County, Railroad Commission district 08, operated by Devon Energy Production Co, L.P. It has 2 wellbores on file with the Commission. Reported production runs from December 2010 to August 2026, totalling 344,166 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 $722K, with roughly $389K 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 749 barrels a month, about 374 per wellbore. Its strongest month on the record we hold was July 2018, at 2,563 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 COLONEL DRAKE 24
- Who operates COLONEL DRAKE 24?
- COLONEL DRAKE 24 is operated by Devon Energy Production Co, L.P., Railroad Commission of Texas operator number 216378.
- Where is COLONEL DRAKE 24?
- COLONEL DRAKE 24 is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 41295.
- Is COLONEL DRAKE 24 still producing?
- COLONEL DRAKE 24 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COLONEL DRAKE 24 is August 2026.
- How much has COLONEL DRAKE 24 produced?
- COLONEL DRAKE 24 has reported 344,166 barrels of oil (bbl) to the Railroad Commission of Texas between December 2010 and August 2026, from 2 wellbores.
- How much is COLONEL DRAKE 24 worth?
- The remaining production from COLONEL DRAKE 24 is estimated to be worth about $722K in total as of 26 August 2026, within a range of $563K to $881K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COLONEL DRAKE 24 is a fraction of it. The estimate fits an Arps decline curve to the production COLONEL DRAKE 24 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COLONEL DRAKE 24 is an estimate of value, not an offer and not an appraisal.
- How much income does COLONEL DRAKE 24 generate in a year?
- COLONEL DRAKE 24 is forecast to net about $389K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in COLONEL DRAKE 24 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Devon Energy Production Co, L.P. |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 41295 |
| Wellbores | 2 |
| Reported production | 344,166 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $722K |
Where COLONEL DRAKE 24 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.