MCCAIN
MCCAIN is a Texas oil lease in Bexar County, Railroad Commission district 01, operated by Seagull Operating Co., Inc. It has 6 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 7,085 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 $65K, with roughly $12K 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 15 barrels a month, about 2 per wellbore. Its strongest month on the record we hold was March 2023, at 53 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 MCCAIN
- Who operates MCCAIN?
- MCCAIN is operated by Seagull Operating Co., Inc., Railroad Commission of Texas operator number 761710.
- Where is MCCAIN?
- MCCAIN is a Texas oil lease in Bexar County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 11216.
- Is MCCAIN still producing?
- MCCAIN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MCCAIN is August 2026.
- How much has MCCAIN produced?
- MCCAIN has reported 7,085 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 6 wellbores.
- How much is MCCAIN worth?
- The remaining production from MCCAIN is estimated to be worth about $65K in total as of 27 August 2026, within a range of $36K to $94K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MCCAIN is a fraction of it. The estimate fits an Arps decline curve to the production MCCAIN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MCCAIN is an estimate of value, not an offer and not an appraisal.
- How much income does MCCAIN generate in a year?
- MCCAIN is forecast to net about $12K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MCCAIN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Seagull Operating Co., Inc. |
|---|---|
| Field | Somerset |
| County | Bexar County, Texas |
| RRC district | 01 |
| Lease number | 11216 |
| Wellbores | 6 |
| Reported production | 7,085 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $65K |
Where MCCAIN 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.