MIKEL
MIKEL is a Texas gas lease in Washington County, Railroad Commission district 03, operated by Chesapeake Operating, Inc. It has 1 wellbore on file with the Commission. Reported production runs from December 1996 to August 2026, totalling 1,030,642 thousand cubic feet. 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 $166K, with roughly $25K 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 1,179 thousand cubic feet a month. Its strongest month on the record we hold was January 2017, at 2,773 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% 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 MIKEL
- Who operates MIKEL?
- MIKEL is operated by Chesapeake Operating, Inc., Railroad Commission of Texas operator number 147715.
- Where is MIKEL?
- MIKEL is a Texas gas lease in Washington County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 162567.
- Is MIKEL still producing?
- MIKEL is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MIKEL is August 2026.
- How much has MIKEL produced?
- MIKEL has reported 1,030,642 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between December 1996 and August 2026, from 1 wellbore.
- How much is MIKEL worth?
- The remaining production from MIKEL is estimated to be worth about $166K in total as of 27 August 2026, within a range of $138K to $194K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MIKEL is a fraction of it. The estimate fits an Arps decline curve to the production MIKEL has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MIKEL is an estimate of value, not an offer and not an appraisal.
- How much income does MIKEL generate in a year?
- MIKEL is forecast to net about $25K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MIKEL receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chesapeake Operating, Inc. |
|---|---|
| Field | Giddings (Austin Chalk, Gas) |
| County | Washington County, Texas |
| RRC district | 03 |
| Lease number | 162567 |
| Wellbores | 1 |
| Reported production | 1,030,642 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $166K |
Where MIKEL 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.