MATT
MATT is a Texas oil lease in Wheeler County, Railroad Commission district 10, operated by Sanguine Gas Exploration, LLC. It has 1 wellbore on file with the Commission. Reported production runs from October 2009 to August 2026, totalling 58,567 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 $1.1M, with roughly $173K 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 112 barrels a month. Its strongest month on the record we hold was July 2024, at 319 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 MATT
- Who operates MATT?
- MATT is operated by Sanguine Gas Exploration, LLC, Railroad Commission of Texas operator number 748059.
- Where is MATT?
- MATT is a Texas oil lease in Wheeler County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 08082.
- Is MATT still producing?
- MATT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MATT is August 2026.
- How much has MATT produced?
- MATT has reported 58,567 barrels of oil (bbl) to the Railroad Commission of Texas between October 2009 and August 2026, from 1 wellbore.
- How much is MATT worth?
- The remaining production from MATT is estimated to be worth about $1.1M in total as of 26 August 2026, within a range of $876K to $1.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MATT is a fraction of it. The estimate fits an Arps decline curve to the production MATT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MATT is an estimate of value, not an offer and not an appraisal.
- How much income does MATT generate in a year?
- MATT is forecast to net about $173K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MATT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Sanguine Gas Exploration, LLC |
|---|---|
| Field | Mills Ranch (Des Moines) |
| County | Wheeler County, Texas |
| RRC district | 10 |
| Lease number | 08082 |
| Wellbores | 1 |
| Reported production | 58,567 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.1M |
Where MATT 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.