MELTON
MELTON is a Texas oil lease in Grayson County, Railroad Commission district 09, operated by Longfellow Energy, LP. It has 1 wellbore on file with the Commission. Reported production runs from March 2012 to August 2026, totalling 64,842 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 $503K, with roughly $85K 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 84 barrels a month. Its strongest month on the record we hold was June 2017, at 440 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 MELTON
- Who operates MELTON?
- MELTON is operated by Longfellow Energy, LP, Railroad Commission of Texas operator number 508409.
- Where is MELTON?
- MELTON is a Texas oil lease in Grayson County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 32304.
- Is MELTON still producing?
- MELTON is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MELTON is August 2026.
- How much has MELTON produced?
- MELTON has reported 64,842 barrels of oil (bbl) to the Railroad Commission of Texas between March 2012 and August 2026, from 1 wellbore.
- How much is MELTON worth?
- The remaining production from MELTON is estimated to be worth about $503K in total as of 26 August 2026, within a range of $276K to $729K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MELTON is a fraction of it. The estimate fits an Arps decline curve to the production MELTON has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MELTON is an estimate of value, not an offer and not an appraisal.
- How much income does MELTON generate in a year?
- MELTON is forecast to net about $85K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MELTON receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Longfellow Energy, LP |
|---|---|
| Field | Denison, S. (Woodlake) |
| County | Grayson County, Texas |
| RRC district | 09 |
| Lease number | 32304 |
| Wellbores | 1 |
| Reported production | 64,842 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $503K |
Where MELTON 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.