MABEE 240C X16
MABEE 240C X16 is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Cog Operating LLC. It has 1 wellbore on file with the Commission. Reported production runs from November 2019 to August 2026, totalling 190,420 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 $5.7M, with roughly $1.2M 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 1,669 barrels a month. Its strongest month on the record we hold was November 2019, at 8,065 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 240C X16
- Who operates MABEE 240C X16?
- MABEE 240C X16 is operated by Cog Operating LLC, Railroad Commission of Texas operator number 166150.
- Where is MABEE 240C X16?
- MABEE 240C X16 is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 55503.
- Is MABEE 240C X16 still producing?
- MABEE 240C X16 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MABEE 240C X16 is August 2026.
- How much has MABEE 240C X16 produced?
- MABEE 240C X16 has reported 190,420 barrels of oil (bbl) to the Railroad Commission of Texas between November 2019 and August 2026, from 1 wellbore.
- How much is MABEE 240C X16 worth?
- The remaining production from MABEE 240C X16 is estimated to be worth about $5.7M in total as of 26 August 2026, within a range of $4.7M to $6.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MABEE 240C X16 is a fraction of it. The estimate fits an Arps decline curve to the production MABEE 240C X16 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MABEE 240C X16 is an estimate of value, not an offer and not an appraisal.
- How much income does MABEE 240C X16 generate in a year?
- MABEE 240C X16 is forecast to net about $1.2M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MABEE 240C X16 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 | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 55503 |
| Wellbores | 1 |
| Reported production | 190,420 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $5.7M |
Where MABEE 240C X16 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.