MIKA
MIKA is a Texas oil lease in Karnes County, Railroad Commission district 02, operated by Gulftex Energy III, LP. It has 2 wellbores on file with the Commission. Reported production runs from April 2017 to August 2026, totalling 551,768 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 $2.4M, with roughly $651K 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 986 barrels a month, about 493 per wellbore. Its strongest month on the record we hold was May 2017, at 49,418 barrels. 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 MIKA
- Who operates MIKA?
- MIKA is operated by Gulftex Energy III, LP, Railroad Commission of Texas operator number 338746.
- Where is MIKA?
- MIKA is a Texas oil lease in Karnes County, Texas, in Railroad Commission district 02. Its Railroad Commission lease number is 11478.
- Is MIKA still producing?
- MIKA is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MIKA is August 2026.
- How much has MIKA produced?
- MIKA has reported 551,768 barrels of oil (bbl) to the Railroad Commission of Texas between April 2017 and August 2026, from 2 wellbores.
- How much is MIKA worth?
- The remaining production from MIKA is estimated to be worth about $2.4M in total as of 27 August 2026, within a range of $1.9M to $2.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MIKA is a fraction of it. The estimate fits an Arps decline curve to the production MIKA has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MIKA is an estimate of value, not an offer and not an appraisal.
- How much income does MIKA generate in a year?
- MIKA is forecast to net about $651K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MIKA receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Gulftex Energy III, LP |
|---|---|
| Field | Sugarkane (Austin Chalk) |
| County | Karnes County, Texas |
| RRC district | 02 |
| Lease number | 11478 |
| Wellbores | 2 |
| Reported production | 551,768 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.4M |
Where MIKA 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.