DICE-BAIN
DICE-BAIN is a Texas oil lease in Wharton County, Railroad Commission district 03, operated by Apache Corporation. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 297,335 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 $508K, with roughly $97K 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 165 barrels a month. Its strongest month on the record we hold was May 2016, at 867 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 DICE-BAIN
- Who operates DICE-BAIN?
- DICE-BAIN is operated by Apache Corporation, Railroad Commission of Texas operator number 027200.
- Where is DICE-BAIN?
- DICE-BAIN is a Texas oil lease in Wharton County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 02877.
- Is DICE-BAIN still producing?
- DICE-BAIN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DICE-BAIN is August 2026.
- How much has DICE-BAIN produced?
- DICE-BAIN has reported 297,335 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is DICE-BAIN worth?
- The remaining production from DICE-BAIN is estimated to be worth about $508K in total as of 26 August 2026, within a range of $396K to $620K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DICE-BAIN is a fraction of it. The estimate fits an Arps decline curve to the production DICE-BAIN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DICE-BAIN is an estimate of value, not an offer and not an appraisal.
- How much income does DICE-BAIN generate in a year?
- DICE-BAIN is forecast to net about $97K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in DICE-BAIN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Apache Corporation |
|---|---|
| Field | Magnet Withers |
| County | Wharton County, Texas |
| RRC district | 03 |
| Lease number | 02877 |
| Wellbores | 1 |
| Reported production | 297,335 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $508K |
Where DICE-BAIN 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.