MEP
MEP is a Texas oil lease in Taylor County, Railroad Commission district 7B, operated by Bullet Development, LLC. It has 2 wellbores on file with the Commission. Reported production runs from December 2014 to August 2026, totalling 7,747 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 $135K, with roughly $26K 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, about 18 per wellbore. Its strongest month on the record we hold was March 2021, at 102 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 MEP
- Who operates MEP?
- MEP is operated by Bullet Development, LLC, Railroad Commission of Texas operator number 106513.
- Where is MEP?
- MEP is a Texas oil lease in Taylor County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 31718.
- Is MEP still producing?
- MEP is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MEP is August 2026.
- How much has MEP produced?
- MEP has reported 7,747 barrels of oil (bbl) to the Railroad Commission of Texas between December 2014 and August 2026, from 2 wellbores.
- How much is MEP worth?
- The remaining production from MEP is estimated to be worth about $135K in total as of 26 August 2026, within a range of $74K to $196K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MEP is a fraction of it. The estimate fits an Arps decline curve to the production MEP has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MEP is an estimate of value, not an offer and not an appraisal.
- How much income does MEP generate in a year?
- MEP is forecast to net about $26K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MEP receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Bullet Development, LLC |
|---|---|
| Field | Taylor County Regular |
| County | Taylor County, Texas |
| RRC district | 7B |
| Lease number | 31718 |
| Wellbores | 2 |
| Reported production | 7,747 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $135K |
Where MEP 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.