NT
NT 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 November 2008 to August 2026, totalling 3,718 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 $4K, with roughly $696 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 1 barrels a month. Its strongest month on the record we hold was October 2019, at 43 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 NT
- Who operates NT?
- NT is operated by Muirfield Exploration, Ltd., Railroad Commission of Texas operator number 593025.
- Where is NT?
- NT is a Texas oil lease in Clay County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 31177.
- Is NT still producing?
- NT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NT is August 2026.
- How much has NT produced?
- NT has reported 3,718 barrels of oil (bbl) to the Railroad Commission of Texas between November 2008 and August 2026, from 2 wellbores.
- How much is NT worth?
- The remaining production from NT is estimated to be worth about $4K in total as of 26 August 2026, within a range of $0 to $7K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NT is a fraction of it. The estimate fits an Arps decline curve to the production NT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NT is an estimate of value, not an offer and not an appraisal.
- How much income does NT generate in a year?
- NT is forecast to net about $696 across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Muirfield Exploration, Ltd. |
|---|---|
| Field | Clay County Regular |
| County | Clay County, Texas |
| RRC district | 09 |
| Lease number | 31177 |
| Wellbores | 2 |
| Reported production | 3,718 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4K |
Where NT 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.