MABEE 318T
MABEE 318T is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Ovintiv USA Inc. It has 4 wellbores on file with the Commission. Reported production runs from May 2020 to August 2026, totalling 997,225 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 $1.8M, with roughly $550K 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 826 barrels a month, about 206 per wellbore. Its strongest month on the record we hold was July 2020, at 135,596 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 318T
- Who operates MABEE 318T?
- MABEE 318T is operated by Ovintiv USA Inc., Railroad Commission of Texas operator number 628658.
- Where is MABEE 318T?
- MABEE 318T is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 54906.
- Is MABEE 318T still producing?
- MABEE 318T is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MABEE 318T is August 2026.
- How much has MABEE 318T produced?
- MABEE 318T has reported 997,225 barrels of oil (bbl) to the Railroad Commission of Texas between May 2020 and August 2026, from 4 wellbores.
- How much is MABEE 318T worth?
- The remaining production from MABEE 318T is estimated to be worth about $1.8M in total as of 26 August 2026, within a range of $1.4M to $2.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MABEE 318T is a fraction of it. The estimate fits an Arps decline curve to the production MABEE 318T has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MABEE 318T is an estimate of value, not an offer and not an appraisal.
- How much income does MABEE 318T generate in a year?
- MABEE 318T is forecast to net about $550K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MABEE 318T 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 | 54906 |
| Wellbores | 4 |
| Reported production | 997,225 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.8M |
Where MABEE 318T 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.