WEST COLE FIELD UNIT
WEST COLE FIELD UNIT is a Texas oil lease in Webb County, Railroad Commission district 04, operated by Basic Earth Science Systems,Inc. It has 48 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 133,890 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 $54K, with roughly $10K 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 11 barrels a month. Its strongest month on the record we hold was June 2016, at 277 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 WEST COLE FIELD UNIT
- Who operates WEST COLE FIELD UNIT?
- WEST COLE FIELD UNIT is operated by Basic Earth Science Systems,Inc., Railroad Commission of Texas operator number 054337.
- Where is WEST COLE FIELD UNIT?
- WEST COLE FIELD UNIT is a Texas oil lease in Webb County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 07769.
- Is WEST COLE FIELD UNIT still producing?
- WEST COLE FIELD UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WEST COLE FIELD UNIT is August 2026.
- How much has WEST COLE FIELD UNIT produced?
- WEST COLE FIELD UNIT has reported 133,890 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 48 wellbores.
- How much is WEST COLE FIELD UNIT worth?
- The remaining production from WEST COLE FIELD UNIT is estimated to be worth about $54K in total as of 26 August 2026, within a range of $30K to $78K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WEST COLE FIELD UNIT is a fraction of it. The estimate fits an Arps decline curve to the production WEST COLE FIELD UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WEST COLE FIELD UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does WEST COLE FIELD UNIT generate in a year?
- WEST COLE FIELD UNIT is forecast to net about $10K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WEST COLE FIELD UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Basic Earth Science Systems,Inc. |
|---|---|
| Field | Cole, West |
| County | Webb County, Texas |
| RRC district | 04 |
| Lease number | 07769 |
| Wellbores | 48 |
| Reported production | 133,890 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $54K |
Where WEST COLE FIELD 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.