MELTON, W. B.
MELTON, W. B. is a Texas oil lease in Medina County, Railroad Commission district 01, operated by Mite Energy Co. It has 39 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 16,167 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 $4K, with roughly $691 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 1 barrels a month. Its strongest month on the record we hold was May 2016, at 80 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 MELTON, W. B.
- Who operates MELTON, W. B.?
- MELTON, W. B. is operated by Mite Energy Co., Railroad Commission of Texas operator number 571865.
- Where is MELTON, W. B.?
- MELTON, W. B. is a Texas oil lease in Medina County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 01998.
- Is MELTON, W. B. still producing?
- MELTON, W. B. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MELTON, W. B. is August 2026.
- How much has MELTON, W. B. produced?
- MELTON, W. B. has reported 16,167 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 39 wellbores.
- How much is MELTON, W. B. worth?
- The remaining production from MELTON, W. B. is estimated to be worth about $4K in total as of 27 August 2026, within a range of $0 to $7K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MELTON, W. B. is a fraction of it. The estimate fits an Arps decline curve to the production MELTON, W. B. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MELTON, W. B. is an estimate of value, not an offer and not an appraisal.
- How much income does MELTON, W. B. generate in a year?
- MELTON, W. B. is forecast to net about $691 across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MELTON, W. B. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mite Energy Co. |
|---|---|
| Field | Taylor-Ina |
| County | Medina County, Texas |
| RRC district | 01 |
| Lease number | 01998 |
| Wellbores | 39 |
| Reported production | 16,167 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4K |
Where MELTON, W. B. 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.