NESTE MULLINS "18"
NESTE MULLINS "18" is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Kinlaw Oil Corporation. It has 1 wellbore on file with the Commission. Reported production runs from May 1994 to August 2026, totalling 29,423 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 $282K, with roughly $54K 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 61 barrels a month. Its strongest month on the record we hold was May 2018, at 186 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 NESTE MULLINS "18"
- Who operates NESTE MULLINS "18"?
- NESTE MULLINS "18" is operated by Kinlaw Oil Corporation, Railroad Commission of Texas operator number 467262.
- Where is NESTE MULLINS "18"?
- NESTE MULLINS "18" is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 34195.
- Is NESTE MULLINS "18" still producing?
- NESTE MULLINS "18" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NESTE MULLINS "18" is August 2026.
- How much has NESTE MULLINS "18" produced?
- NESTE MULLINS "18" has reported 29,423 barrels of oil (bbl) to the Railroad Commission of Texas between May 1994 and August 2026, from 1 wellbore.
- How much is NESTE MULLINS "18" worth?
- The remaining production from NESTE MULLINS "18" is estimated to be worth about $282K in total as of 27 August 2026, within a range of $155K to $409K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NESTE MULLINS "18" is a fraction of it. The estimate fits an Arps decline curve to the production NESTE MULLINS "18" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NESTE MULLINS "18" is an estimate of value, not an offer and not an appraisal.
- How much income does NESTE MULLINS "18" generate in a year?
- NESTE MULLINS "18" is forecast to net about $54K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in NESTE MULLINS "18" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Kinlaw Oil Corporation |
|---|---|
| Field | Fullerton |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 34195 |
| Wellbores | 1 |
| Reported production | 29,423 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $282K |
Where NESTE MULLINS "18" 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.