XERXES 7-18-31
XERXES 7-18-31 is a Texas oil lease in Mitchell County, Railroad Commission district 08, operated by Bayswater Operating Company LLC. It has 1 wellbore on file with the Commission. Reported production runs from November 2024 to August 2026, totalling 288,778 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 $43.8M, with roughly $9.8M 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 20,086 barrels a month. Its strongest month on the record we hold was August 2025, at 29,675 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 XERXES 7-18-31
- Who operates XERXES 7-18-31?
- XERXES 7-18-31 is operated by Bayswater Operating Company LLC, Railroad Commission of Texas operator number 058827.
- Where is XERXES 7-18-31?
- XERXES 7-18-31 is a Texas oil lease in Mitchell County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 62737.
- Is XERXES 7-18-31 still producing?
- XERXES 7-18-31 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for XERXES 7-18-31 is August 2026.
- How much has XERXES 7-18-31 produced?
- XERXES 7-18-31 has reported 288,778 barrels of oil (bbl) to the Railroad Commission of Texas between November 2024 and August 2026, from 1 wellbore.
- How much is XERXES 7-18-31 worth?
- The remaining production from XERXES 7-18-31 is estimated to be worth about $43.8M in total as of 27 August 2026, within a range of $36.0M to $51.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in XERXES 7-18-31 is a fraction of it. The estimate fits an Arps decline curve to the production XERXES 7-18-31 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for XERXES 7-18-31 is an estimate of value, not an offer and not an appraisal.
- How much income does XERXES 7-18-31 generate in a year?
- XERXES 7-18-31 is forecast to net about $9.8M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in XERXES 7-18-31 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Bayswater Operating Company LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Mitchell County, Texas |
| RRC district | 08 |
| Lease number | 62737 |
| Wellbores | 1 |
| Reported production | 288,778 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $43.8M |
Where XERXES 7-18-31 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.