MITCHELL 68
MITCHELL 68 is a Texas gas lease in Terrell County, Railroad Commission district 7C, operated by Chevron U. S. A. Inc. It has 1 wellbore on file with the Commission. Reported production runs from March 1997 to August 2026, totalling 965,568 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 $93K, with roughly $14K 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 693 thousand cubic feet a month. Its strongest month on the record we hold was January 2025, at 1,358 thousand cubic feet. 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 MITCHELL 68
- Who operates MITCHELL 68?
- MITCHELL 68 is operated by Chevron U. S. A. Inc., Railroad Commission of Texas operator number 148113.
- Where is MITCHELL 68?
- MITCHELL 68 is a Texas gas lease in Terrell County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 165689.
- Is MITCHELL 68 still producing?
- MITCHELL 68 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MITCHELL 68 is August 2026.
- How much has MITCHELL 68 produced?
- MITCHELL 68 has reported 965,568 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 1997 and August 2026, from 1 wellbore.
- How much is MITCHELL 68 worth?
- The remaining production from MITCHELL 68 is estimated to be worth about $93K in total as of 26 August 2026, within a range of $72K to $113K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MITCHELL 68 is a fraction of it. The estimate fits an Arps decline curve to the production MITCHELL 68 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MITCHELL 68 is an estimate of value, not an offer and not an appraisal.
- How much income does MITCHELL 68 generate in a year?
- MITCHELL 68 is forecast to net about $14K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MITCHELL 68 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chevron U. S. A. Inc. |
|---|---|
| Field | Pakenham (Wolfcamp) |
| County | Terrell County, Texas |
| RRC district | 7C |
| Lease number | 165689 |
| Wellbores | 1 |
| Reported production | 965,568 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $93K |
Where MITCHELL 68 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.