MULLINS 18
MULLINS 18 is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Kinlaw Oil Corporation. It has 1 wellbore on file with the Commission. Reported production runs from February 1994 to August 2026, totalling 115,839 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 $477K, with roughly $90K 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 118 barrels a month. Its strongest month on the record we hold was January 2024, at 202 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 MULLINS 18
- Who operates MULLINS 18?
- MULLINS 18 is operated by Kinlaw Oil Corporation, Railroad Commission of Texas operator number 467262.
- Where is MULLINS 18?
- MULLINS 18 is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 34108.
- Is MULLINS 18 still producing?
- MULLINS 18 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MULLINS 18 is August 2026.
- How much has MULLINS 18 produced?
- MULLINS 18 has reported 115,839 barrels of oil (bbl) to the Railroad Commission of Texas between February 1994 and August 2026, from 1 wellbore.
- How much is MULLINS 18 worth?
- The remaining production from MULLINS 18 is estimated to be worth about $477K in total as of 27 August 2026, within a range of $372K to $583K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MULLINS 18 is a fraction of it. The estimate fits an Arps decline curve to the production MULLINS 18 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MULLINS 18 is an estimate of value, not an offer and not an appraisal.
- How much income does MULLINS 18 generate in a year?
- MULLINS 18 is forecast to net about $90K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MULLINS 18 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Kinlaw Oil Corporation |
|---|---|
| Field | Fullerton |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 34108 |
| Wellbores | 1 |
| Reported production | 115,839 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $477K |
Where MULLINS 18 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.