MABEE 240
MABEE 240 is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Reliance Energy, Inc. It has 56 wellbores on file with the Commission. Reported production runs from August 2008 to August 2026, totalling 2,742,356 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 $3.6M, with roughly $1.5M 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 2,325 barrels a month, about 42 per wellbore. Its strongest month on the record we hold was May 2016, at 17,341 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 MABEE 240
- Who operates MABEE 240?
- MABEE 240 is operated by Reliance Energy, Inc., Railroad Commission of Texas operator number 700995.
- Where is MABEE 240?
- MABEE 240 is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 39139.
- Is MABEE 240 still producing?
- MABEE 240 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MABEE 240 is August 2026.
- How much has MABEE 240 produced?
- MABEE 240 has reported 2,742,356 barrels of oil (bbl) to the Railroad Commission of Texas between August 2008 and August 2026, from 56 wellbores.
- How much is MABEE 240 worth?
- The remaining production from MABEE 240 is estimated to be worth about $3.6M in total as of 26 August 2026, within a range of $3.0M to $4.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MABEE 240 is a fraction of it. The estimate fits an Arps decline curve to the production MABEE 240 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MABEE 240 is an estimate of value, not an offer and not an appraisal.
- How much income does MABEE 240 generate in a year?
- MABEE 240 is forecast to net about $1.5M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MABEE 240 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Reliance Energy, Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 39139 |
| Wellbores | 56 |
| Reported production | 2,742,356 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.6M |
Where MABEE 240 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.