MABEE 39-10
MABEE 39-10 is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Cog Operating LLC. It has 4 wellbores on file with the Commission. Reported production runs from January 2020 to August 2026, totalling 17,842 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 $692K, with roughly $194K 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 309 barrels a month, about 77 per wellbore. Its strongest month on the record we hold was March 2020, at 929 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 MABEE 39-10
- Who operates MABEE 39-10?
- MABEE 39-10 is operated by Cog Operating LLC, Railroad Commission of Texas operator number 166150.
- Where is MABEE 39-10?
- MABEE 39-10 is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 54675.
- Is MABEE 39-10 still producing?
- MABEE 39-10 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MABEE 39-10 is August 2026.
- How much has MABEE 39-10 produced?
- MABEE 39-10 has reported 17,842 barrels of oil (bbl) to the Railroad Commission of Texas between January 2020 and August 2026, from 4 wellbores.
- How much is MABEE 39-10 worth?
- The remaining production from MABEE 39-10 is estimated to be worth about $692K in total as of 27 August 2026, within a range of $539K to $844K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MABEE 39-10 is a fraction of it. The estimate fits an Arps decline curve to the production MABEE 39-10 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MABEE 39-10 is an estimate of value, not an offer and not an appraisal.
- How much income does MABEE 39-10 generate in a year?
- MABEE 39-10 is forecast to net about $194K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MABEE 39-10 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cog Operating LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 54675 |
| Wellbores | 4 |
| Reported production | 17,842 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $692K |
Where MABEE 39-10 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.