MIKEY
MIKEY is a Texas oil lease in Crane County, Railroad Commission district 7C, operated by SM Energy Company. It has 1 wellbore on file with the Commission. Reported production runs from November 2025 to August 2026, totalling 33,442 barrels. The lease is intermittent. 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 $14.7M, with roughly $2.7M 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 3,241 barrels a month. Its strongest month on the record we hold was April 2026, at 14,000 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 MIKEY
- Who operates MIKEY?
- MIKEY is operated by SM Energy Company, Railroad Commission of Texas operator number 788997.
- Where is MIKEY?
- MIKEY is a Texas oil lease in Crane County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 23451.
- Is MIKEY still producing?
- MIKEY is intermittent. The most recent month of production reported to the Railroad Commission of Texas for MIKEY is August 2026.
- How much has MIKEY produced?
- MIKEY has reported 33,442 barrels of oil (bbl) to the Railroad Commission of Texas between November 2025 and August 2026, from 1 wellbore.
- How much is MIKEY worth?
- The remaining production from MIKEY is estimated to be worth about $14.7M in total as of 26 August 2026, within a range of $12.2M to $17.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MIKEY is a fraction of it. The estimate fits an Arps decline curve to the production MIKEY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MIKEY is an estimate of value, not an offer and not an appraisal.
- How much income does MIKEY generate in a year?
- MIKEY is forecast to net about $2.7M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MIKEY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | SM Energy Company |
|---|---|
| Field | Pegasus (Consolidated) |
| County | Crane County, Texas |
| RRC district | 7C |
| Lease number | 23451 |
| Wellbores | 1 |
| Reported production | 33,442 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $14.7M |
Where MIKEY 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.