SEABEAN
SEABEAN is a Texas oil lease in Gaines County, Railroad Commission district 8A, operated by Clark, John M., Inc. It has 1 wellbore on file with the Commission. Reported production runs from May 2010 to August 2026, totalling 219,997 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 $1.8M, with roughly $466K 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 638 barrels a month. Its strongest month on the record we hold was August 2017, at 3,286 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 SEABEAN
- Who operates SEABEAN?
- SEABEAN is operated by Clark, John M., Inc., Railroad Commission of Texas operator number 157283.
- Where is SEABEAN?
- SEABEAN is a Texas oil lease in Gaines County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 69550.
- Is SEABEAN still producing?
- SEABEAN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SEABEAN is August 2026.
- How much has SEABEAN produced?
- SEABEAN has reported 219,997 barrels of oil (bbl) to the Railroad Commission of Texas between May 2010 and August 2026, from 1 wellbore.
- How much is SEABEAN worth?
- The remaining production from SEABEAN is estimated to be worth about $1.8M in total as of 26 August 2026, within a range of $1.4M to $2.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SEABEAN is a fraction of it. The estimate fits an Arps decline curve to the production SEABEAN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SEABEAN is an estimate of value, not an offer and not an appraisal.
- How much income does SEABEAN generate in a year?
- SEABEAN is forecast to net about $466K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SEABEAN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Clark, John M., Inc. |
|---|---|
| Field | Seminole, North (San Andres) |
| County | Gaines County, Texas |
| RRC district | 8A |
| Lease number | 69550 |
| Wellbores | 1 |
| Reported production | 219,997 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.8M |
Where SEABEAN 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.