STRAIN
STRAIN is a Texas oil lease in Mitchell County, Railroad Commission district 8A, operated by Baxter, Murphy H. It has 16 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 108,946 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 $299K, with roughly $57K 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 76 barrels a month, about 5 per wellbore. Its strongest month on the record we hold was May 2021, at 295 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 STRAIN
- Who operates STRAIN?
- STRAIN is operated by Baxter, Murphy H., Railroad Commission of Texas operator number 056580.
- Where is STRAIN?
- STRAIN is a Texas oil lease in Mitchell County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 05728.
- Is STRAIN still producing?
- STRAIN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STRAIN is August 2026.
- How much has STRAIN produced?
- STRAIN has reported 108,946 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 16 wellbores.
- How much is STRAIN worth?
- The remaining production from STRAIN is estimated to be worth about $299K in total as of 27 August 2026, within a range of $164K to $433K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STRAIN is a fraction of it. The estimate fits an Arps decline curve to the production STRAIN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STRAIN is an estimate of value, not an offer and not an appraisal.
- How much income does STRAIN generate in a year?
- STRAIN is forecast to net about $57K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in STRAIN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Baxter, Murphy H. |
|---|---|
| Field | Sharon Ridge (1700) |
| County | Mitchell County, Texas |
| RRC district | 8A |
| Lease number | 05728 |
| Wellbores | 16 |
| Reported production | 108,946 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $299K |
Where STRAIN 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.