DUKE, BASIL JR.
DUKE, BASIL JR. is a Texas gas 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 January 2009 to August 2026, totalling 400,649 thousand cubic feet. 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 $310K, with roughly $68K 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 1,681 thousand cubic feet a month. Its strongest month on the record we hold was December 2024, at 2,260 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% 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 DUKE, BASIL JR.
- Who operates DUKE, BASIL JR.?
- DUKE, BASIL JR. is operated by Mewbourne Oil Company, Railroad Commission of Texas operator number 562560.
- Where is DUKE, BASIL JR.?
- DUKE, BASIL JR. is a Texas gas lease in Ochiltree County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 247751.
- Is DUKE, BASIL JR. still producing?
- DUKE, BASIL JR. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DUKE, BASIL JR. is August 2026.
- How much has DUKE, BASIL JR. produced?
- DUKE, BASIL JR. has reported 400,649 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 2009 and August 2026, from 1 wellbore.
- How much is DUKE, BASIL JR. worth?
- The remaining production from DUKE, BASIL JR. is estimated to be worth about $310K in total as of 27 August 2026, within a range of $258K to $363K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DUKE, BASIL JR. is a fraction of it. The estimate fits an Arps decline curve to the production DUKE, BASIL JR. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DUKE, BASIL JR. is an estimate of value, not an offer and not an appraisal.
- How much income does DUKE, BASIL JR. generate in a year?
- DUKE, BASIL JR. is forecast to net about $68K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in DUKE, BASIL JR. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mewbourne Oil Company |
|---|---|
| Field | Kiowa Creek (Cleveland) |
| County | Ochiltree County, Texas |
| RRC district | 10 |
| Lease number | 247751 |
| Wellbores | 1 |
| Reported production | 400,649 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $310K |
Where DUKE, BASIL JR. 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.