PETERSON, LILLIE M. '903'
PETERSON, LILLIE M. '903' is a Texas oil lease in Lipscomb County, Railroad Commission district 10, operated by Mewbourne Oil Company. It has 3 wellbores on file with the Commission. Reported production runs from November 2012 to August 2026, totalling 162,052 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 $830K, with roughly $125K 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, about 28 per wellbore. Its strongest month on the record we hold was May 2016, at 1,201 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 PETERSON, LILLIE M. '903'
- Who operates PETERSON, LILLIE M. '903'?
- PETERSON, LILLIE M. '903' is operated by Mewbourne Oil Company, Railroad Commission of Texas operator number 562560.
- Where is PETERSON, LILLIE M. '903'?
- PETERSON, LILLIE M. '903' is a Texas oil lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 08832.
- Is PETERSON, LILLIE M. '903' still producing?
- PETERSON, LILLIE M. '903' is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PETERSON, LILLIE M. '903' is August 2026.
- How much has PETERSON, LILLIE M. '903' produced?
- PETERSON, LILLIE M. '903' has reported 162,052 barrels of oil (bbl) to the Railroad Commission of Texas between November 2012 and August 2026, from 3 wellbores.
- How much is PETERSON, LILLIE M. '903' worth?
- The remaining production from PETERSON, LILLIE M. '903' is estimated to be worth about $830K in total as of 27 August 2026, within a range of $457K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PETERSON, LILLIE M. '903' is a fraction of it. The estimate fits an Arps decline curve to the production PETERSON, LILLIE M. '903' has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PETERSON, LILLIE M. '903' is an estimate of value, not an offer and not an appraisal.
- How much income does PETERSON, LILLIE M. '903' generate in a year?
- PETERSON, LILLIE M. '903' is forecast to net about $125K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PETERSON, LILLIE M. '903' receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mewbourne Oil Company |
|---|---|
| Field | Kiowa Creek (Marmaton) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 08832 |
| Wellbores | 3 |
| Reported production | 162,052 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $830K |
Where PETERSON, LILLIE M. '903' 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.