STATE BAFFIN 44/41
STATE BAFFIN 44/41 is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by Mewbourne Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from March 2025 to August 2026, totalling 872,810 thousand cubic feet. The lease is intermittent. 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 $10.2M, with roughly $1.9M 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 71,124 thousand cubic feet a month. Its strongest month on the record we hold was March 2026, at 196,789 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 18% 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 STATE BAFFIN 44/41
- Who operates STATE BAFFIN 44/41?
- STATE BAFFIN 44/41 is operated by Mewbourne Oil Company, Railroad Commission of Texas operator number 562560.
- Where is STATE BAFFIN 44/41?
- STATE BAFFIN 44/41 is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 299588.
- Is STATE BAFFIN 44/41 still producing?
- STATE BAFFIN 44/41 is intermittent. The most recent month of production reported to the Railroad Commission of Texas for STATE BAFFIN 44/41 is August 2026.
- How much has STATE BAFFIN 44/41 produced?
- STATE BAFFIN 44/41 has reported 872,810 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 2025 and August 2026, from 1 wellbore.
- How much is STATE BAFFIN 44/41 worth?
- The remaining production from STATE BAFFIN 44/41 is estimated to be worth about $10.2M in total as of 27 August 2026, within a range of $8.4M to $12.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE BAFFIN 44/41 is a fraction of it. The estimate fits an Arps decline curve to the production STATE BAFFIN 44/41 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STATE BAFFIN 44/41 is an estimate of value, not an offer and not an appraisal.
- How much income does STATE BAFFIN 44/41 generate in a year?
- STATE BAFFIN 44/41 is forecast to net about $1.9M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in STATE BAFFIN 44/41 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mewbourne Oil Company |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 299588 |
| Wellbores | 1 |
| Reported production | 872,810 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $10.2M |
Where STATE BAFFIN 44/41 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.