MITCHELL 56-T3-26
MITCHELL 56-T3-26 is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by BHP Billiton Pet(Txla Op) Co. It has 1 wellbore on file with the Commission. Reported production runs from May 2015 to August 2026, totalling 1,661,518 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 $1.5M, with roughly $551K 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 3,319 thousand cubic feet a month. Its strongest month on the record we hold was December 2024, at 42,295 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 MITCHELL 56-T3-26
- Who operates MITCHELL 56-T3-26?
- MITCHELL 56-T3-26 is operated by BHP Billiton Pet(Txla Op) Co, Railroad Commission of Texas operator number 068596.
- Where is MITCHELL 56-T3-26?
- MITCHELL 56-T3-26 is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 278121.
- Is MITCHELL 56-T3-26 still producing?
- MITCHELL 56-T3-26 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MITCHELL 56-T3-26 is August 2026.
- How much has MITCHELL 56-T3-26 produced?
- MITCHELL 56-T3-26 has reported 1,661,518 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between May 2015 and August 2026, from 1 wellbore.
- How much is MITCHELL 56-T3-26 worth?
- The remaining production from MITCHELL 56-T3-26 is estimated to be worth about $1.5M in total as of 26 August 2026, within a range of $1.2M to $1.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MITCHELL 56-T3-26 is a fraction of it. The estimate fits an Arps decline curve to the production MITCHELL 56-T3-26 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MITCHELL 56-T3-26 is an estimate of value, not an offer and not an appraisal.
- How much income does MITCHELL 56-T3-26 generate in a year?
- MITCHELL 56-T3-26 is forecast to net about $551K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MITCHELL 56-T3-26 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | BHP Billiton Pet(Txla Op) Co |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 278121 |
| Wellbores | 1 |
| Reported production | 1,661,518 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.5M |
Where MITCHELL 56-T3-26 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.