NM 1213
NM 1213 is a Texas oil lease in Limestone County, Railroad Commission district 05, operated by Compadre Resources, LLC. It has 2 wellbores on file with the Commission. Reported production runs from April 2019 to August 2026, totalling 12,730 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 $811K, with roughly $156K 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 210 barrels a month, about 105 per wellbore. Its strongest month on the record we hold was October 2024, at 402 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 NM 1213
- Who operates NM 1213?
- NM 1213 is operated by Compadre Resources, LLC, Railroad Commission of Texas operator number 169792.
- Where is NM 1213?
- NM 1213 is a Texas oil lease in Limestone County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 04401.
- Is NM 1213 still producing?
- NM 1213 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NM 1213 is August 2026.
- How much has NM 1213 produced?
- NM 1213 has reported 12,730 barrels of oil (bbl) to the Railroad Commission of Texas between April 2019 and August 2026, from 2 wellbores.
- How much is NM 1213 worth?
- The remaining production from NM 1213 is estimated to be worth about $811K in total as of 26 August 2026, within a range of $632K to $989K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NM 1213 is a fraction of it. The estimate fits an Arps decline curve to the production NM 1213 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NM 1213 is an estimate of value, not an offer and not an appraisal.
- How much income does NM 1213 generate in a year?
- NM 1213 is forecast to net about $156K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NM 1213 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Compadre Resources, LLC |
|---|---|
| Field | Mexia |
| County | Limestone County, Texas |
| RRC district | 05 |
| Lease number | 04401 |
| Wellbores | 2 |
| Reported production | 12,730 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $811K |
Where NM 1213 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.