MABEE 139 X2
MABEE 139 X2 is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Cog Operating LLC. It has 1 wellbore on file with the Commission. Reported production runs from January 2020 to August 2026, totalling 28,295 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 $1.8M, with roughly $460K 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 425 barrels a month. Its strongest month on the record we hold was February 2020, at 1,374 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 139 X2
- Who operates MABEE 139 X2?
- MABEE 139 X2 is operated by Cog Operating LLC, Railroad Commission of Texas operator number 166150.
- Where is MABEE 139 X2?
- MABEE 139 X2 is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 54671.
- Is MABEE 139 X2 still producing?
- MABEE 139 X2 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MABEE 139 X2 is August 2026.
- How much has MABEE 139 X2 produced?
- MABEE 139 X2 has reported 28,295 barrels of oil (bbl) to the Railroad Commission of Texas between January 2020 and August 2026, from 1 wellbore.
- How much is MABEE 139 X2 worth?
- The remaining production from MABEE 139 X2 is estimated to be worth about $1.8M in total as of 27 August 2026, within a range of $1.4M to $2.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MABEE 139 X2 is a fraction of it. The estimate fits an Arps decline curve to the production MABEE 139 X2 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MABEE 139 X2 is an estimate of value, not an offer and not an appraisal.
- How much income does MABEE 139 X2 generate in a year?
- MABEE 139 X2 is forecast to net about $460K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MABEE 139 X2 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cog Operating LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 54671 |
| Wellbores | 1 |
| Reported production | 28,295 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.8M |
Where MABEE 139 X2 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.