BABB-DRAWE
BABB-DRAWE is a Texas oil lease in Fayette County, Railroad Commission district 03, operated by Marathon Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from June 1993 to August 2026, totalling 273,572 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 $806K, with roughly $249K 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 394 barrels a month. Its strongest month on the record we hold was April 2021, at 2,774 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 BABB-DRAWE
- Who operates BABB-DRAWE?
- BABB-DRAWE is operated by Marathon Oil Company, Railroad Commission of Texas operator number 525380.
- Where is BABB-DRAWE?
- BABB-DRAWE is a Texas oil lease in Fayette County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 22101.
- Is BABB-DRAWE still producing?
- BABB-DRAWE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BABB-DRAWE is August 2026.
- How much has BABB-DRAWE produced?
- BABB-DRAWE has reported 273,572 barrels of oil (bbl) to the Railroad Commission of Texas between June 1993 and August 2026, from 1 wellbore.
- How much is BABB-DRAWE worth?
- The remaining production from BABB-DRAWE is estimated to be worth about $806K in total as of 26 August 2026, within a range of $629K to $984K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BABB-DRAWE is a fraction of it. The estimate fits an Arps decline curve to the production BABB-DRAWE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BABB-DRAWE is an estimate of value, not an offer and not an appraisal.
- How much income does BABB-DRAWE generate in a year?
- BABB-DRAWE is forecast to net about $249K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BABB-DRAWE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Marathon Oil Company |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Fayette County, Texas |
| RRC district | 03 |
| Lease number | 22101 |
| Wellbores | 1 |
| Reported production | 273,572 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $806K |
Where BABB-DRAWE 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.