MCCABE, V.T. "B"
MCCABE, V.T. "B" is a Texas oil lease in Mitchell County, Railroad Commission district 08, operated by Merit Energy Company. It has 22 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 151,250 barrels. The lease is intermittent. 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 $14K, with roughly $2K 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 3 barrels a month. Its strongest month on the record we hold was May 2016, at 382 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 MCCABE, V.T. "B"
- Who operates MCCABE, V.T. "B"?
- MCCABE, V.T. "B" is operated by Merit Energy Company, Railroad Commission of Texas operator number 561136.
- Where is MCCABE, V.T. "B"?
- MCCABE, V.T. "B" is a Texas oil lease in Mitchell County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 23898.
- Is MCCABE, V.T. "B" still producing?
- MCCABE, V.T. "B" is intermittent. The most recent month of production reported to the Railroad Commission of Texas for MCCABE, V.T. "B" is August 2026.
- How much has MCCABE, V.T. "B" produced?
- MCCABE, V.T. "B" has reported 151,250 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 22 wellbores.
- How much is MCCABE, V.T. "B" worth?
- The remaining production from MCCABE, V.T. "B" is estimated to be worth about $14K in total as of 27 August 2026, within a range of $0 to $28K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MCCABE, V.T. "B" is a fraction of it. The estimate fits an Arps decline curve to the production MCCABE, V.T. "B" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MCCABE, V.T. "B" is an estimate of value, not an offer and not an appraisal.
- How much income does MCCABE, V.T. "B" generate in a year?
- MCCABE, V.T. "B" is forecast to net about $2K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MCCABE, V.T. "B" 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 | 23898 |
| Wellbores | 22 |
| Reported production | 151,250 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $14K |
Where MCCABE, V.T. "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.