MILES, LYDA-GAP
MILES, LYDA-GAP is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by M-T Petroleum, Inc. It has 17 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 338,439 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 $1.2M, with roughly $276K 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 430 barrels a month, about 25 per wellbore. Its strongest month on the record we hold was October 2017, at 1,805 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 MILES, LYDA-GAP
- Who operates MILES, LYDA-GAP?
- MILES, LYDA-GAP is operated by M-T Petroleum, Inc., Railroad Commission of Texas operator number 518919.
- Where is MILES, LYDA-GAP?
- MILES, LYDA-GAP is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 21426.
- Is MILES, LYDA-GAP still producing?
- MILES, LYDA-GAP is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MILES, LYDA-GAP is August 2026.
- How much has MILES, LYDA-GAP produced?
- MILES, LYDA-GAP has reported 338,439 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 17 wellbores.
- How much is MILES, LYDA-GAP worth?
- The remaining production from MILES, LYDA-GAP is estimated to be worth about $1.2M in total as of 27 August 2026, within a range of $962K to $1.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MILES, LYDA-GAP is a fraction of it. The estimate fits an Arps decline curve to the production MILES, LYDA-GAP has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MILES, LYDA-GAP is an estimate of value, not an offer and not an appraisal.
- How much income does MILES, LYDA-GAP generate in a year?
- MILES, LYDA-GAP is forecast to net about $276K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MILES, LYDA-GAP receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | M-T Petroleum, Inc. |
|---|---|
| Field | Fuhrman-Mascho |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 21426 |
| Wellbores | 17 |
| Reported production | 338,439 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.2M |
Where MILES, LYDA-GAP 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.