MASHBURN 48
MASHBURN 48 is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Way, Ralph L., Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 94,618 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 $1.5M, with roughly $393K 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 523 barrels a month. Its strongest month on the record we hold was October 2023, at 1,259 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 MASHBURN 48
- Who operates MASHBURN 48?
- MASHBURN 48 is operated by Way, Ralph L., Inc., Railroad Commission of Texas operator number 902593.
- Where is MASHBURN 48?
- MASHBURN 48 is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 26904.
- Is MASHBURN 48 still producing?
- MASHBURN 48 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MASHBURN 48 is August 2026.
- How much has MASHBURN 48 produced?
- MASHBURN 48 has reported 94,618 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is MASHBURN 48 worth?
- The remaining production from MASHBURN 48 is estimated to be worth about $1.5M in total as of 26 August 2026, within a range of $1.2M to $1.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MASHBURN 48 is a fraction of it. The estimate fits an Arps decline curve to the production MASHBURN 48 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MASHBURN 48 is an estimate of value, not an offer and not an appraisal.
- How much income does MASHBURN 48 generate in a year?
- MASHBURN 48 is forecast to net about $393K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MASHBURN 48 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Way, Ralph L., Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 26904 |
| Wellbores | 1 |
| Reported production | 94,618 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.5M |
Where MASHBURN 48 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.