KLEMENT
KLEMENT is a Texas oil lease in Clay County, Railroad Commission district 09, operated by Muirfield Exploration, Ltd. It has 2 wellbores on file with the Commission. Reported production runs from July 2025 to August 2026, totalling 7,221 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 $1.4M, with roughly $320K 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 660 barrels a month, about 330 per wellbore. Its strongest month on the record we hold was October 2025, at 939 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 KLEMENT
- Who operates KLEMENT?
- KLEMENT is operated by Muirfield Exploration, Ltd., Railroad Commission of Texas operator number 593025.
- Where is KLEMENT?
- KLEMENT is a Texas oil lease in Clay County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 34396.
- Is KLEMENT still producing?
- KLEMENT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for KLEMENT is August 2026.
- How much has KLEMENT produced?
- KLEMENT has reported 7,221 barrels of oil (bbl) to the Railroad Commission of Texas between July 2025 and August 2026, from 2 wellbores.
- How much is KLEMENT worth?
- The remaining production from KLEMENT is estimated to be worth about $1.4M in total as of 26 August 2026, within a range of $1.1M to $1.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KLEMENT is a fraction of it. The estimate fits an Arps decline curve to the production KLEMENT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for KLEMENT is an estimate of value, not an offer and not an appraisal.
- How much income does KLEMENT generate in a year?
- KLEMENT is forecast to net about $320K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in KLEMENT 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 | 34396 |
| Wellbores | 2 |
| Reported production | 7,221 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.4M |
Where KLEMENT 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.