MUSTANG
MUSTANG is a Texas oil lease in Wilbarger County, Railroad Commission district 09, operated by Interstate Explorations LLC. It has 1 wellbore on file with the Commission. Reported production runs from August 2022 to August 2026, totalling 24,894 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 $265K, with roughly $51K 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 95 barrels a month. Its strongest month on the record we hold was September 2022, at 2,214 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 MUSTANG
- Who operates MUSTANG?
- MUSTANG is operated by Interstate Explorations LLC, Railroad Commission of Texas operator number 425206.
- Where is MUSTANG?
- MUSTANG is a Texas oil lease in Wilbarger County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 34146.
- Is MUSTANG still producing?
- MUSTANG is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MUSTANG is August 2026.
- How much has MUSTANG produced?
- MUSTANG has reported 24,894 barrels of oil (bbl) to the Railroad Commission of Texas between August 2022 and August 2026, from 1 wellbore.
- How much is MUSTANG worth?
- The remaining production from MUSTANG is estimated to be worth about $265K in total as of 27 August 2026, within a range of $145K to $384K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MUSTANG is a fraction of it. The estimate fits an Arps decline curve to the production MUSTANG has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MUSTANG is an estimate of value, not an offer and not an appraisal.
- How much income does MUSTANG generate in a year?
- MUSTANG is forecast to net about $51K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MUSTANG receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Interstate Explorations LLC |
|---|---|
| Field | Piarist, SW (Miss) |
| County | Wilbarger County, Texas |
| RRC district | 09 |
| Lease number | 34146 |
| Wellbores | 1 |
| Reported production | 24,894 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $265K |
Where MUSTANG 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.