MIAMI BEACH 34-123
MIAMI BEACH 34-123 is a Texas oil lease in Ward County, Railroad Commission district 08, operated by Cimarex Energy Co. It has 2 wellbores on file with the Commission. Reported production runs from October 2014 to August 2026, totalling 1,276,716 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 $8.5M, with roughly $2.2M 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 3,963 barrels a month, about 1,981 per wellbore. Its strongest month on the record we hold was February 2017, at 47,805 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 MIAMI BEACH 34-123
- Who operates MIAMI BEACH 34-123?
- MIAMI BEACH 34-123 is operated by Cimarex Energy Co., Railroad Commission of Texas operator number 153438.
- Where is MIAMI BEACH 34-123?
- MIAMI BEACH 34-123 is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 45999.
- Is MIAMI BEACH 34-123 still producing?
- MIAMI BEACH 34-123 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MIAMI BEACH 34-123 is August 2026.
- How much has MIAMI BEACH 34-123 produced?
- MIAMI BEACH 34-123 has reported 1,276,716 barrels of oil (bbl) to the Railroad Commission of Texas between October 2014 and August 2026, from 2 wellbores.
- How much is MIAMI BEACH 34-123 worth?
- The remaining production from MIAMI BEACH 34-123 is estimated to be worth about $8.5M in total as of 27 August 2026, within a range of $7.1M to $10.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MIAMI BEACH 34-123 is a fraction of it. The estimate fits an Arps decline curve to the production MIAMI BEACH 34-123 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MIAMI BEACH 34-123 is an estimate of value, not an offer and not an appraisal.
- How much income does MIAMI BEACH 34-123 generate in a year?
- MIAMI BEACH 34-123 is forecast to net about $2.2M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MIAMI BEACH 34-123 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cimarex Energy Co. |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 45999 |
| Wellbores | 2 |
| Reported production | 1,276,716 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $8.5M |
Where MIAMI BEACH 34-123 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.