MABEE 138
MABEE 138 is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Reliance Energy, Inc. It has 1 wellbore on file with the Commission. Reported production runs from June 2014 to August 2026, totalling 90,305 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 $1.2M, with roughly $201K 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 187 barrels a month. Its strongest month on the record we hold was December 2016, at 1,085 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 MABEE 138
- Who operates MABEE 138?
- MABEE 138 is operated by Reliance Energy, Inc., Railroad Commission of Texas operator number 700995.
- Where is MABEE 138?
- MABEE 138 is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 45945.
- Is MABEE 138 still producing?
- MABEE 138 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MABEE 138 is August 2026.
- How much has MABEE 138 produced?
- MABEE 138 has reported 90,305 barrels of oil (bbl) to the Railroad Commission of Texas between June 2014 and August 2026, from 1 wellbore.
- How much is MABEE 138 worth?
- The remaining production from MABEE 138 is estimated to be worth about $1.2M in total as of 27 August 2026, within a range of $944K to $1.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MABEE 138 is a fraction of it. The estimate fits an Arps decline curve to the production MABEE 138 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MABEE 138 is an estimate of value, not an offer and not an appraisal.
- How much income does MABEE 138 generate in a year?
- MABEE 138 is forecast to net about $201K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MABEE 138 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Reliance Energy, Inc. |
|---|---|
| Field | Mabee (Strawn) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 45945 |
| Wellbores | 1 |
| Reported production | 90,305 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.2M |
Where MABEE 138 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.