MEEK "5"
MEEK "5" is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Pioneer Natural Res. USA, Inc. It has 1 wellbore on file with the Commission. Reported production runs from September 2010 to August 2026, totalling 106,282 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 $1.1M, with roughly $196K 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 230 barrels a month. Its strongest month on the record we hold was December 2016, at 701 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 MEEK "5"
- Who operates MEEK "5"?
- MEEK "5" is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is MEEK "5"?
- MEEK "5" is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 40490.
- Is MEEK "5" still producing?
- MEEK "5" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MEEK "5" is August 2026.
- How much has MEEK "5" produced?
- MEEK "5" has reported 106,282 barrels of oil (bbl) to the Railroad Commission of Texas between September 2010 and August 2026, from 1 wellbore.
- How much is MEEK "5" worth?
- The remaining production from MEEK "5" is estimated to be worth about $1.1M in total as of 26 August 2026, within a range of $824K to $1.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MEEK "5" is a fraction of it. The estimate fits an Arps decline curve to the production MEEK "5" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MEEK "5" is an estimate of value, not an offer and not an appraisal.
- How much income does MEEK "5" generate in a year?
- MEEK "5" is forecast to net about $196K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MEEK "5" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pioneer Natural Res. USA, Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 40490 |
| Wellbores | 1 |
| Reported production | 106,282 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.1M |
Where MEEK "5" 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.