MABEE RANCH -318-
MABEE RANCH -318- is a Texas oil lease in Martin County, Railroad Commission district 08, operated by H & M Resources, LLC. It has 6 wellbores on file with the Commission. Reported production runs from September 2005 to August 2026, totalling 238,225 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 $677K, with roughly $111K 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 199 barrels a month, about 33 per wellbore. Its strongest month on the record we hold was March 2017, at 1,861 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 RANCH -318-
- Who operates MABEE RANCH -318-?
- MABEE RANCH -318- is operated by H & M Resources, LLC, Railroad Commission of Texas operator number 341514.
- Where is MABEE RANCH -318-?
- MABEE RANCH -318- is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 39712.
- Is MABEE RANCH -318- still producing?
- MABEE RANCH -318- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MABEE RANCH -318- is August 2026.
- How much has MABEE RANCH -318- produced?
- MABEE RANCH -318- has reported 238,225 barrels of oil (bbl) to the Railroad Commission of Texas between September 2005 and August 2026, from 6 wellbores.
- How much is MABEE RANCH -318- worth?
- The remaining production from MABEE RANCH -318- is estimated to be worth about $677K in total as of 27 August 2026, within a range of $528K to $826K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MABEE RANCH -318- is a fraction of it. The estimate fits an Arps decline curve to the production MABEE RANCH -318- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MABEE RANCH -318- is an estimate of value, not an offer and not an appraisal.
- How much income does MABEE RANCH -318- generate in a year?
- MABEE RANCH -318- is forecast to net about $111K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MABEE RANCH -318- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | H & M Resources, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 39712 |
| Wellbores | 6 |
| Reported production | 238,225 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $677K |
Where MABEE RANCH -318- 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.