MBE
MBE is a Texas gas lease in Midland County, Railroad Commission district 08, operated by Firebird Energy II LLC. It has 1 wellbore on file with the Commission. Reported production runs from June 2025 to August 2026, totalling 969,674 thousand cubic feet. 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 $5.3M, with roughly $3.8M 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 83,965 thousand cubic feet a month. Its strongest month on the record we hold was August 2025, at 142,090 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 18% 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 MBE
- Who operates MBE?
- MBE is operated by Firebird Energy II LLC, Railroad Commission of Texas operator number 101413.
- Where is MBE?
- MBE is a Texas gas lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 301382.
- Is MBE still producing?
- MBE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MBE is August 2026.
- How much has MBE produced?
- MBE has reported 969,674 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between June 2025 and August 2026, from 1 wellbore.
- How much is MBE worth?
- The remaining production from MBE is estimated to be worth about $5.3M in total as of 26 August 2026, within a range of $4.3M to $6.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MBE is a fraction of it. The estimate fits an Arps decline curve to the production MBE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MBE is an estimate of value, not an offer and not an appraisal.
- How much income does MBE generate in a year?
- MBE is forecast to net about $3.8M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MBE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Firebird Energy II LLC |
|---|---|
| Field | Emma (Barnett Shale) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 301382 |
| Wellbores | 1 |
| Reported production | 969,674 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $5.3M |
Where MBE 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.