TXL 48
TXL 48 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 November 2015 to August 2026, totalling 1,301,946 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 $1.2M, with roughly $382K 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 2,929 thousand cubic feet a month. Its strongest month on the record we hold was July 2016, at 47,631 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% 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 48
- Who operates TXL 48?
- TXL 48 is operated by Mewbourne Oil Company, Railroad Commission of Texas operator number 562560.
- Where is TXL 48?
- TXL 48 is a Texas gas lease in Loving County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 284471.
- Is TXL 48 still producing?
- TXL 48 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for TXL 48 is August 2026.
- How much has TXL 48 produced?
- TXL 48 has reported 1,301,946 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between November 2015 and August 2026, from 1 wellbore.
- How much is TXL 48 worth?
- The remaining production from TXL 48 is estimated to be worth about $1.2M in total as of 26 August 2026, within a range of $962K to $1.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TXL 48 is a fraction of it. The estimate fits an Arps decline curve to the production TXL 48 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TXL 48 is an estimate of value, not an offer and not an appraisal.
- How much income does TXL 48 generate in a year?
- TXL 48 is forecast to net about $382K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in TXL 48 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mewbourne Oil Company |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Loving County, Texas |
| RRC district | 08 |
| Lease number | 284471 |
| Wellbores | 1 |
| Reported production | 1,301,946 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.2M |
Where TXL 48 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.