COLBY
COLBY is a Texas oil lease in Winkler County, Railroad Commission district 08, operated by Walsh & Watts, Inc. It has 21 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 180,915 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 $215K, with roughly $41K 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 77 barrels a month, about 4 per wellbore. Its strongest month on the record we hold was May 2018, at 508 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 COLBY
- Who operates COLBY?
- COLBY is operated by Walsh & Watts, Inc., Railroad Commission of Texas operator number 895060.
- Where is COLBY?
- COLBY is a Texas oil lease in Winkler County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 03202.
- Is COLBY still producing?
- COLBY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COLBY is August 2026.
- How much has COLBY produced?
- COLBY has reported 180,915 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 21 wellbores.
- How much is COLBY worth?
- The remaining production from COLBY is estimated to be worth about $215K in total as of 26 August 2026, within a range of $118K to $311K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COLBY is a fraction of it. The estimate fits an Arps decline curve to the production COLBY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COLBY is an estimate of value, not an offer and not an appraisal.
- How much income does COLBY generate in a year?
- COLBY is forecast to net about $41K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in COLBY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Walsh & Watts, Inc. |
|---|---|
| Field | Kermit |
| County | Winkler County, Texas |
| RRC district | 08 |
| Lease number | 03202 |
| Wellbores | 21 |
| Reported production | 180,915 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $215K |
Where COLBY 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.