AUGUSTSON
AUGUSTSON is a Texas oil lease in Ochiltree County, Railroad Commission district 10, operated by Mewbourne Oil Company. It has 2 wellbores on file with the Commission. Reported production runs from January 2012 to August 2026, totalling 324,858 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 $1.7M, with roughly $399K 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 513 barrels a month, about 256 per wellbore. Its strongest month on the record we hold was May 2016, at 2,675 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 AUGUSTSON
- Who operates AUGUSTSON?
- AUGUSTSON is operated by Mewbourne Oil Company, Railroad Commission of Texas operator number 562560.
- Where is AUGUSTSON?
- AUGUSTSON is a Texas oil lease in Ochiltree County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 08476.
- Is AUGUSTSON still producing?
- AUGUSTSON is currently producing. The most recent month of production reported to the Railroad Commission of Texas for AUGUSTSON is August 2026.
- How much has AUGUSTSON produced?
- AUGUSTSON has reported 324,858 barrels of oil (bbl) to the Railroad Commission of Texas between January 2012 and August 2026, from 2 wellbores.
- How much is AUGUSTSON worth?
- The remaining production from AUGUSTSON is estimated to be worth about $1.7M in total as of 26 August 2026, within a range of $1.3M to $2.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in AUGUSTSON is a fraction of it. The estimate fits an Arps decline curve to the production AUGUSTSON has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for AUGUSTSON is an estimate of value, not an offer and not an appraisal.
- How much income does AUGUSTSON generate in a year?
- AUGUSTSON is forecast to net about $399K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in AUGUSTSON receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mewbourne Oil Company |
|---|---|
| Field | Pan Petro (Cleveland) |
| County | Ochiltree County, Texas |
| RRC district | 10 |
| Lease number | 08476 |
| Wellbores | 2 |
| Reported production | 324,858 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.7M |
Where AUGUSTSON 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.