MUSTANG DRAW
MUSTANG DRAW is a Texas oil lease in Reagan County, Railroad Commission district 7C, operated by Trilogy Operating, Inc. It has 84 wellbores on file with the Commission. Reported production runs from February 2008 to August 2026, totalling 3,473,172 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 $24.3M, with roughly $7.2M 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 7,351 barrels a month, about 88 per wellbore. Its strongest month on the record we hold was April 2018, at 74,691 barrels. 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 MUSTANG DRAW
- Who operates MUSTANG DRAW?
- MUSTANG DRAW is operated by Trilogy Operating, Inc., Railroad Commission of Texas operator number 869713.
- Where is MUSTANG DRAW?
- MUSTANG DRAW is a Texas oil lease in Reagan County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 16520.
- Is MUSTANG DRAW still producing?
- MUSTANG DRAW is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MUSTANG DRAW is August 2026.
- How much has MUSTANG DRAW produced?
- MUSTANG DRAW has reported 3,473,172 barrels of oil (bbl) to the Railroad Commission of Texas between February 2008 and August 2026, from 84 wellbores.
- How much is MUSTANG DRAW worth?
- The remaining production from MUSTANG DRAW is estimated to be worth about $24.3M in total as of 27 August 2026, within a range of $20.1M to $28.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MUSTANG DRAW is a fraction of it. The estimate fits an Arps decline curve to the production MUSTANG DRAW has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MUSTANG DRAW is an estimate of value, not an offer and not an appraisal.
- How much income does MUSTANG DRAW generate in a year?
- MUSTANG DRAW is forecast to net about $7.2M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MUSTANG DRAW receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Trilogy Operating, Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Reagan County, Texas |
| RRC district | 7C |
| Lease number | 16520 |
| Wellbores | 84 |
| Reported production | 3,473,172 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $24.3M |
Where MUSTANG DRAW 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.