CONE
CONE is a Texas oil lease in Wichita County, Railroad Commission district 09, operated by Centurion Oil & Gas Op. Co. Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 16,297 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 $58K, with roughly $11K 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 20 barrels a month. Its strongest month on the record we hold was March 2017, at 200 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 CONE
- Who operates CONE?
- CONE is operated by Centurion Oil & Gas Op. Co. Inc., Railroad Commission of Texas operator number 141590.
- Where is CONE?
- CONE is a Texas oil lease in Wichita County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 06256.
- Is CONE still producing?
- CONE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CONE is August 2026.
- How much has CONE produced?
- CONE has reported 16,297 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is CONE worth?
- The remaining production from CONE is estimated to be worth about $58K in total as of 26 August 2026, within a range of $32K to $85K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CONE is a fraction of it. The estimate fits an Arps decline curve to the production CONE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CONE is an estimate of value, not an offer and not an appraisal.
- How much income does CONE generate in a year?
- CONE is forecast to net about $11K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CONE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Centurion Oil & Gas Op. Co. Inc. |
|---|---|
| Field | K-M-A |
| County | Wichita County, Texas |
| RRC district | 09 |
| Lease number | 06256 |
| Wellbores | 1 |
| Reported production | 16,297 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $58K |
Where CONE 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.