MV '32'
MV '32' is a Texas oil lease in Stonewall County, Railroad Commission district 7B, operated by Southlake Exploration, Inc. It has 1 wellbore on file with the Commission. Reported production runs from April 2014 to August 2026, totalling 12,354 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 $107K, with roughly $21K 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 36 barrels a month. Its strongest month on the record we hold was December 2020, at 165 barrels. 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 MV '32'
- Who operates MV '32'?
- MV '32' is operated by Southlake Exploration, Inc., Railroad Commission of Texas operator number 805550.
- Where is MV '32'?
- MV '32' is a Texas oil lease in Stonewall County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 31706.
- Is MV '32' still producing?
- MV '32' is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MV '32' is August 2026.
- How much has MV '32' produced?
- MV '32' has reported 12,354 barrels of oil (bbl) to the Railroad Commission of Texas between April 2014 and August 2026, from 1 wellbore.
- How much is MV '32' worth?
- The remaining production from MV '32' is estimated to be worth about $107K in total as of 26 August 2026, within a range of $59K to $155K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MV '32' is a fraction of it. The estimate fits an Arps decline curve to the production MV '32' has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MV '32' is an estimate of value, not an offer and not an appraisal.
- How much income does MV '32' generate in a year?
- MV '32' is forecast to net about $21K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MV '32' receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Southlake Exploration, Inc. |
|---|---|
| Field | Corsica (Bend Conglomerate) |
| County | Stonewall County, Texas |
| RRC district | 7B |
| Lease number | 31706 |
| Wellbores | 1 |
| Reported production | 12,354 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $107K |
Where MV '32' 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.