LAKE CREEK UNIT
LAKE CREEK UNIT is a Texas oil lease in Montgomery County, Railroad Commission district 03, operated by Mitchell Energy Corporation. It has 46 wellbores on file with the Commission. Reported production runs from November 1995 to August 2026, totalling 2,521,756 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 $13.9M, with roughly $3.4M 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 4,488 barrels a month, about 98 per wellbore. Its strongest month on the record we hold was October 2019, at 11,478 barrels. 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 LAKE CREEK UNIT
- Who operates LAKE CREEK UNIT?
- LAKE CREEK UNIT is operated by Mitchell Energy Corporation, Railroad Commission of Texas operator number 570655.
- Where is LAKE CREEK UNIT?
- LAKE CREEK UNIT is a Texas oil lease in Montgomery County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 22828.
- Is LAKE CREEK UNIT still producing?
- LAKE CREEK UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LAKE CREEK UNIT is August 2026.
- How much has LAKE CREEK UNIT produced?
- LAKE CREEK UNIT has reported 2,521,756 barrels of oil (bbl) to the Railroad Commission of Texas between November 1995 and August 2026, from 46 wellbores.
- How much is LAKE CREEK UNIT worth?
- The remaining production from LAKE CREEK UNIT is estimated to be worth about $13.9M in total as of 26 August 2026, within a range of $11.5M to $16.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LAKE CREEK UNIT is a fraction of it. The estimate fits an Arps decline curve to the production LAKE CREEK UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LAKE CREEK UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does LAKE CREEK UNIT generate in a year?
- LAKE CREEK UNIT is forecast to net about $3.4M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LAKE CREEK UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mitchell Energy Corporation |
|---|---|
| Field | Lake Creek (Chase) |
| County | Montgomery County, Texas |
| RRC district | 03 |
| Lease number | 22828 |
| Wellbores | 46 |
| Reported production | 2,521,756 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $13.9M |
Where LAKE CREEK UNIT 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.