GOOD '229'
GOOD '229' is a Texas oil lease in Ochiltree County, Railroad Commission district 10, operated by Mewbourne Oil Company. It has 3 wellbores on file with the Commission. Reported production runs from August 2012 to August 2026, totalling 207,633 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values a standard royalty share at about $30K, with roughly $6K expected over the next twelve months.
| Operator | Mewbourne Oil Company |
|---|---|
| Field | Pan Petro (Cleveland) |
| County | Ochiltree County, Texas |
| RRC district | 10 |
| Lease number | 08691 |
| Wellbores | 3 |
| Reported production | 207,633 bbl |
| First reported | August 2012 |
| Last reported | August 2026 |
| Estimated royalty value | $30K |
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.