MD 48
MD 48 is a Texas oil lease in Oldham County, Railroad Commission district 10, operated by Aog, Inc. It has 5 wellbores on file with the Commission. Reported production runs from April 2008 to August 2026, totalling 181,239 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 $512K, with roughly $98K 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 135 barrels a month, about 27 per wellbore. Its strongest month on the record we hold was December 2022, at 1,513 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 MD 48
- Who operates MD 48?
- MD 48 is operated by Aog, Inc., Railroad Commission of Texas operator number 026800.
- Where is MD 48?
- MD 48 is a Texas oil lease in Oldham County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 07878.
- Is MD 48 still producing?
- MD 48 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MD 48 is August 2026.
- How much has MD 48 produced?
- MD 48 has reported 181,239 barrels of oil (bbl) to the Railroad Commission of Texas between April 2008 and August 2026, from 5 wellbores.
- How much is MD 48 worth?
- The remaining production from MD 48 is estimated to be worth about $512K in total as of 26 August 2026, within a range of $399K to $625K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MD 48 is a fraction of it. The estimate fits an Arps decline curve to the production MD 48 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MD 48 is an estimate of value, not an offer and not an appraisal.
- How much income does MD 48 generate in a year?
- MD 48 is forecast to net about $98K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MD 48 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Aog, Inc. |
|---|---|
| Field | Mansfield Dome (Canyon Reef) |
| County | Oldham County, Texas |
| RRC district | 10 |
| Lease number | 07878 |
| Wellbores | 5 |
| Reported production | 181,239 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $512K |
Where MD 48 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.