MEANS, R. M.
MEANS, R. M. is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Exxon Corp. It has 56 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 449,302 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 $747K, with roughly $144K 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 179 barrels a month, about 3 per wellbore. Its strongest month on the record we hold was December 2016, at 456 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 MEANS, R. M.
- Who operates MEANS, R. M.?
- MEANS, R. M. is operated by Exxon Corp., Railroad Commission of Texas operator number 257097.
- Where is MEANS, R. M.?
- MEANS, R. M. is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 04291.
- Is MEANS, R. M. still producing?
- MEANS, R. M. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MEANS, R. M. is August 2026.
- How much has MEANS, R. M. produced?
- MEANS, R. M. has reported 449,302 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 56 wellbores.
- How much is MEANS, R. M. worth?
- The remaining production from MEANS, R. M. is estimated to be worth about $747K in total as of 26 August 2026, within a range of $582K to $911K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MEANS, R. M. is a fraction of it. The estimate fits an Arps decline curve to the production MEANS, R. M. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MEANS, R. M. is an estimate of value, not an offer and not an appraisal.
- How much income does MEANS, R. M. generate in a year?
- MEANS, R. M. is forecast to net about $144K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MEANS, R. M. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Exxon Corp. |
|---|---|
| Field | Means (Queen Sand) |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 04291 |
| Wellbores | 56 |
| Reported production | 449,302 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $747K |
Where MEANS, R. M. 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.