MCCABE
MCCABE is a Texas oil lease in Wheeler County, Railroad Commission district 10, operated by Irish City Oil & Gas, Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 925 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 $4K, with roughly $754 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 1 barrels a month. Its strongest month on the record we hold was July 2017, at 45 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 MCCABE
- Who operates MCCABE?
- MCCABE is operated by Irish City Oil & Gas, Inc., Railroad Commission of Texas operator number 426340.
- Where is MCCABE?
- MCCABE is a Texas oil lease in Wheeler County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 04330.
- Is MCCABE still producing?
- MCCABE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MCCABE is August 2026.
- How much has MCCABE produced?
- MCCABE has reported 925 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is MCCABE worth?
- The remaining production from MCCABE is estimated to be worth about $4K in total as of 26 August 2026, within a range of $0 to $8K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MCCABE is a fraction of it. The estimate fits an Arps decline curve to the production MCCABE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MCCABE is an estimate of value, not an offer and not an appraisal.
- How much income does MCCABE generate in a year?
- MCCABE is forecast to net about $754 across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MCCABE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Irish City Oil & Gas, Inc. |
|---|---|
| Field | Panhandle Wheeler County Field |
| County | Wheeler County, Texas |
| RRC district | 10 |
| Lease number | 04330 |
| Wellbores | 1 |
| Reported production | 925 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4K |
Where MCCABE 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.