DIEBALL "231"
DIEBALL "231" is a Texas oil lease in Ochiltree County, Railroad Commission district 10, operated by Mewbourne Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from November 2011 to August 2026, totalling 63,827 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 $552K, with roughly $99K 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 110 barrels a month. Its strongest month on the record we hold was May 2017, at 518 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 DIEBALL "231"
- Who operates DIEBALL "231"?
- DIEBALL "231" is operated by Mewbourne Oil Company, Railroad Commission of Texas operator number 562560.
- Where is DIEBALL "231"?
- DIEBALL "231" is a Texas oil lease in Ochiltree County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 08465.
- Is DIEBALL "231" still producing?
- DIEBALL "231" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DIEBALL "231" is August 2026.
- How much has DIEBALL "231" produced?
- DIEBALL "231" has reported 63,827 barrels of oil (bbl) to the Railroad Commission of Texas between November 2011 and August 2026, from 1 wellbore.
- How much is DIEBALL "231" worth?
- The remaining production from DIEBALL "231" is estimated to be worth about $552K in total as of 26 August 2026, within a range of $430K to $673K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DIEBALL "231" is a fraction of it. The estimate fits an Arps decline curve to the production DIEBALL "231" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DIEBALL "231" is an estimate of value, not an offer and not an appraisal.
- How much income does DIEBALL "231" generate in a year?
- DIEBALL "231" is forecast to net about $99K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in DIEBALL "231" 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 | 08465 |
| Wellbores | 1 |
| Reported production | 63,827 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $552K |
Where DIEBALL "231" 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.