MAYFIELD
MAYFIELD is a Texas gas lease in Polk County, Railroad Commission district 03, operated by Unit Petroleum Company. It has 1 wellbore on file with the Commission. Reported production runs from August 2018 to August 2026, totalling 587,196 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 $13K, with roughly $2K 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 13 thousand cubic feet a month. Its strongest month on the record we hold was September 2018, at 49,200 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 45% 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 MAYFIELD
- Who operates MAYFIELD?
- MAYFIELD is operated by Unit Petroleum Company, Railroad Commission of Texas operator number 877099.
- Where is MAYFIELD?
- MAYFIELD is a Texas gas lease in Polk County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 288885.
- Is MAYFIELD still producing?
- MAYFIELD is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MAYFIELD is August 2026.
- How much has MAYFIELD produced?
- MAYFIELD has reported 587,196 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 2018 and August 2026, from 1 wellbore.
- How much is MAYFIELD worth?
- The remaining production from MAYFIELD is estimated to be worth about $13K in total as of 26 August 2026, within a range of $7K to $18K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MAYFIELD is a fraction of it. The estimate fits an Arps decline curve to the production MAYFIELD has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MAYFIELD is an estimate of value, not an offer and not an appraisal.
- How much income does MAYFIELD generate in a year?
- MAYFIELD is forecast to net about $2K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MAYFIELD receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Unit Petroleum Company |
|---|---|
| Field | Jazz (Wilcox Deep) |
| County | Polk County, Texas |
| RRC district | 03 |
| Lease number | 288885 |
| Wellbores | 1 |
| Reported production | 587,196 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $13K |
Where MAYFIELD 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.