TXL 37/48 E
TXL 37/48 E is a Texas gas lease in Loving County, Railroad Commission district 08, operated by Mewbourne Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from October 2023 to August 2026, totalling 1,383,792 thousand cubic feet. 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 $4.7M, with roughly $2.4M 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 27,270 thousand cubic feet a month. Its strongest month on the record we hold was November 2023, at 115,109 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 18% 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 TXL 37/48 E
- Who operates TXL 37/48 E?
- TXL 37/48 E is operated by Mewbourne Oil Company, Railroad Commission of Texas operator number 562560.
- Where is TXL 37/48 E?
- TXL 37/48 E is a Texas gas lease in Loving County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 296312.
- Is TXL 37/48 E still producing?
- TXL 37/48 E is currently producing. The most recent month of production reported to the Railroad Commission of Texas for TXL 37/48 E is August 2026.
- How much has TXL 37/48 E produced?
- TXL 37/48 E has reported 1,383,792 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between October 2023 and August 2026, from 1 wellbore.
- How much is TXL 37/48 E worth?
- The remaining production from TXL 37/48 E is estimated to be worth about $4.7M in total as of 26 August 2026, within a range of $3.9M to $5.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TXL 37/48 E is a fraction of it. The estimate fits an Arps decline curve to the production TXL 37/48 E has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TXL 37/48 E is an estimate of value, not an offer and not an appraisal.
- How much income does TXL 37/48 E generate in a year?
- TXL 37/48 E is forecast to net about $2.4M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in TXL 37/48 E receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mewbourne Oil Company |
|---|---|
| Field | Sandbar (Bone Spring) |
| County | Loving County, Texas |
| RRC district | 08 |
| Lease number | 296312 |
| Wellbores | 1 |
| Reported production | 1,383,792 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.7M |
Where TXL 37/48 E 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.