MCCABE, J.F.-C-
MCCABE, J.F.-C- is a Texas oil lease in Mitchell County, Railroad Commission district 08, operated by Merit Energy Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 19,747 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 $51K, with roughly $10K 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 24 barrels a month. Its strongest month on the record we hold was May 2019, at 153 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 MCCABE, J.F.-C-
- Who operates MCCABE, J.F.-C-?
- MCCABE, J.F.-C- is operated by Merit Energy Company, Railroad Commission of Texas operator number 561136.
- Where is MCCABE, J.F.-C-?
- MCCABE, J.F.-C- is a Texas oil lease in Mitchell County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 28255.
- Is MCCABE, J.F.-C- still producing?
- MCCABE, J.F.-C- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MCCABE, J.F.-C- is August 2026.
- How much has MCCABE, J.F.-C- produced?
- MCCABE, J.F.-C- has reported 19,747 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is MCCABE, J.F.-C- worth?
- The remaining production from MCCABE, J.F.-C- is estimated to be worth about $51K in total as of 26 August 2026, within a range of $28K to $75K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MCCABE, J.F.-C- is a fraction of it. The estimate fits an Arps decline curve to the production MCCABE, J.F.-C- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MCCABE, J.F.-C- is an estimate of value, not an offer and not an appraisal.
- How much income does MCCABE, J.F.-C- generate in a year?
- MCCABE, J.F.-C- is forecast to net about $10K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MCCABE, J.F.-C- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Merit Energy Company |
|---|---|
| Field | Jameson, North (Strawn) |
| County | Mitchell County, Texas |
| RRC district | 08 |
| Lease number | 28255 |
| Wellbores | 1 |
| Reported production | 19,747 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $51K |
Where MCCABE, J.F.-C- 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.