BATES
BATES is a Texas oil lease in Howard County, Railroad Commission district 08, operated by MWJ Producing Company. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 12,083 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 $157K, with roughly $30K 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 31 barrels a month, about 15 per wellbore. Its strongest month on the record we hold was September 2023, at 162 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 BATES
- Who operates BATES?
- BATES is operated by MWJ Producing Company, Railroad Commission of Texas operator number 519020.
- Where is BATES?
- BATES is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 08910.
- Is BATES still producing?
- BATES is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BATES is August 2026.
- How much has BATES produced?
- BATES has reported 12,083 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is BATES worth?
- The remaining production from BATES is estimated to be worth about $157K in total as of 26 August 2026, within a range of $86K to $227K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BATES is a fraction of it. The estimate fits an Arps decline curve to the production BATES has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BATES is an estimate of value, not an offer and not an appraisal.
- How much income does BATES generate in a year?
- BATES is forecast to net about $30K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BATES receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | MWJ Producing Company |
|---|---|
| Field | Varel (San Andres) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 08910 |
| Wellbores | 2 |
| Reported production | 12,083 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $157K |
Where BATES 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.