MEKEEL '301'
MEKEEL '301' 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 2014 to August 2026, totalling 85,934 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 $658K, with roughly $120K 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 150 barrels a month. Its strongest month on the record we hold was June 2016, at 1,119 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 MEKEEL '301'
- Who operates MEKEEL '301'?
- MEKEEL '301' is operated by Mewbourne Oil Company, Railroad Commission of Texas operator number 562560.
- Where is MEKEEL '301'?
- MEKEEL '301' is a Texas oil lease in Ochiltree County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 09237.
- Is MEKEEL '301' still producing?
- MEKEEL '301' is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MEKEEL '301' is August 2026.
- How much has MEKEEL '301' produced?
- MEKEEL '301' has reported 85,934 barrels of oil (bbl) to the Railroad Commission of Texas between November 2014 and August 2026, from 1 wellbore.
- How much is MEKEEL '301' worth?
- The remaining production from MEKEEL '301' is estimated to be worth about $658K in total as of 27 August 2026, within a range of $513K to $803K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MEKEEL '301' is a fraction of it. The estimate fits an Arps decline curve to the production MEKEEL '301' has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MEKEEL '301' is an estimate of value, not an offer and not an appraisal.
- How much income does MEKEEL '301' generate in a year?
- MEKEEL '301' is forecast to net about $120K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MEKEEL '301' 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 | 09237 |
| Wellbores | 1 |
| Reported production | 85,934 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $658K |
Where MEKEEL '301' 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.