MABEE 318R
MABEE 318R is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Ovintiv USA Inc. It has 1 wellbore on file with the Commission. Reported production runs from May 2020 to August 2026, totalling 422,901 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 $4.0M, with roughly $1.3M 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 1,757 barrels a month. Its strongest month on the record we hold was July 2020, at 42,808 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 318R
- Who operates MABEE 318R?
- MABEE 318R is operated by Ovintiv USA Inc., Railroad Commission of Texas operator number 628658.
- Where is MABEE 318R?
- MABEE 318R is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 54904.
- Is MABEE 318R still producing?
- MABEE 318R is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MABEE 318R is August 2026.
- How much has MABEE 318R produced?
- MABEE 318R has reported 422,901 barrels of oil (bbl) to the Railroad Commission of Texas between May 2020 and August 2026, from 1 wellbore.
- How much is MABEE 318R worth?
- The remaining production from MABEE 318R is estimated to be worth about $4.0M in total as of 26 August 2026, within a range of $3.3M to $4.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MABEE 318R is a fraction of it. The estimate fits an Arps decline curve to the production MABEE 318R has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MABEE 318R is an estimate of value, not an offer and not an appraisal.
- How much income does MABEE 318R generate in a year?
- MABEE 318R is forecast to net about $1.3M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MABEE 318R receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ovintiv USA Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 54904 |
| Wellbores | 1 |
| Reported production | 422,901 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.0M |
Where MABEE 318R 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.