DAKE '53'
DAKE '53' is a Texas oil lease in Hemphill County, Railroad Commission district 10, operated by Mewbourne Oil Company. It has 2 wellbores on file with the Commission. Reported production runs from January 2013 to August 2026, totalling 117,469 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 $958K, with roughly $169K 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 222 barrels a month, about 111 per wellbore. Its strongest month on the record we hold was April 2021, at 766 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 DAKE '53'
- Who operates DAKE '53'?
- DAKE '53' is operated by Mewbourne Oil Company, Railroad Commission of Texas operator number 562560.
- Where is DAKE '53'?
- DAKE '53' is a Texas oil lease in Hemphill County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 08854.
- Is DAKE '53' still producing?
- DAKE '53' is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DAKE '53' is August 2026.
- How much has DAKE '53' produced?
- DAKE '53' has reported 117,469 barrels of oil (bbl) to the Railroad Commission of Texas between January 2013 and August 2026, from 2 wellbores.
- How much is DAKE '53' worth?
- The remaining production from DAKE '53' is estimated to be worth about $958K in total as of 26 August 2026, within a range of $747K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DAKE '53' is a fraction of it. The estimate fits an Arps decline curve to the production DAKE '53' has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DAKE '53' is an estimate of value, not an offer and not an appraisal.
- How much income does DAKE '53' generate in a year?
- DAKE '53' is forecast to net about $169K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in DAKE '53' receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mewbourne Oil Company |
|---|---|
| Field | Lipscomb, S.E. (Cleveland) |
| County | Hemphill County, Texas |
| RRC district | 10 |
| Lease number | 08854 |
| Wellbores | 2 |
| Reported production | 117,469 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $958K |
Where DAKE '53' 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.