KEETON
KEETON is a Texas oil lease in Clay County, Railroad Commission district 09, operated by Muirfield Exploration, Ltd. It has 26 wellbores on file with the Commission. Reported production runs from February 2022 to August 2026, totalling 335,067 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 $8.2M, with roughly $2.4M 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 4,008 barrels a month, about 154 per wellbore. Its strongest month on the record we hold was April 2023, at 13,159 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 KEETON
- Who operates KEETON?
- KEETON is operated by Muirfield Exploration, Ltd., Railroad Commission of Texas operator number 593025.
- Where is KEETON?
- KEETON is a Texas oil lease in Clay County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 34098.
- Is KEETON still producing?
- KEETON is currently producing. The most recent month of production reported to the Railroad Commission of Texas for KEETON is August 2026.
- How much has KEETON produced?
- KEETON has reported 335,067 barrels of oil (bbl) to the Railroad Commission of Texas between February 2022 and August 2026, from 26 wellbores.
- How much is KEETON worth?
- The remaining production from KEETON is estimated to be worth about $8.2M in total as of 26 August 2026, within a range of $6.8M to $9.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KEETON is a fraction of it. The estimate fits an Arps decline curve to the production KEETON has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for KEETON is an estimate of value, not an offer and not an appraisal.
- How much income does KEETON generate in a year?
- KEETON is forecast to net about $2.4M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in KEETON receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Muirfield Exploration, Ltd. |
|---|---|
| Field | Keeton (Bennett Sand) |
| County | Clay County, Texas |
| RRC district | 09 |
| Lease number | 34098 |
| Wellbores | 26 |
| Reported production | 335,067 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $8.2M |
Where KEETON 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.