MIDLAND AX FEE B
MIDLAND AX FEE B is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Chevron U. S. A. Inc. It has 1 wellbore on file with the Commission. Reported production runs from July 2017 to August 2026, totalling 325,259 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 $616K 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 489 barrels a month. Its strongest month on the record we hold was November 2017, at 25,582 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 MIDLAND AX FEE B
- Who operates MIDLAND AX FEE B?
- MIDLAND AX FEE B is operated by Chevron U. S. A. Inc., Railroad Commission of Texas operator number 148113.
- Where is MIDLAND AX FEE B?
- MIDLAND AX FEE B is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 49312.
- Is MIDLAND AX FEE B still producing?
- MIDLAND AX FEE B is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MIDLAND AX FEE B is August 2026.
- How much has MIDLAND AX FEE B produced?
- MIDLAND AX FEE B has reported 325,259 barrels of oil (bbl) to the Railroad Commission of Texas between July 2017 and August 2026, from 1 wellbore.
- How much is MIDLAND AX FEE B worth?
- The remaining production from MIDLAND AX FEE B is estimated to be worth about $1.5M in total as of 27 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 MIDLAND AX FEE B is a fraction of it. The estimate fits an Arps decline curve to the production MIDLAND AX FEE B has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MIDLAND AX FEE B is an estimate of value, not an offer and not an appraisal.
- How much income does MIDLAND AX FEE B generate in a year?
- MIDLAND AX FEE B is forecast to net about $616K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MIDLAND AX FEE B receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chevron U. S. A. Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 49312 |
| Wellbores | 1 |
| Reported production | 325,259 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.5M |
Where MIDLAND AX FEE 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.