IRON MIKE 40SE
IRON MIKE 40SE is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Thompson, J. Cleo. It has 1 wellbore on file with the Commission. Reported production runs from October 2015 to August 2026, totalling 487,255 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 $1.8M, with roughly $383K 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 382 barrels a month. Its strongest month on the record we hold was May 2016, at 13,250 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 IRON MIKE 40SE
- Who operates IRON MIKE 40SE?
- IRON MIKE 40SE is operated by Thompson, J. Cleo, Railroad Commission of Texas operator number 855610.
- Where is IRON MIKE 40SE?
- IRON MIKE 40SE is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 47353.
- Is IRON MIKE 40SE still producing?
- IRON MIKE 40SE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for IRON MIKE 40SE is August 2026.
- How much has IRON MIKE 40SE produced?
- IRON MIKE 40SE has reported 487,255 barrels of oil (bbl) to the Railroad Commission of Texas between October 2015 and August 2026, from 1 wellbore.
- How much is IRON MIKE 40SE worth?
- The remaining production from IRON MIKE 40SE is estimated to be worth about $1.8M in total as of 27 August 2026, within a range of $1.4M to $2.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in IRON MIKE 40SE is a fraction of it. The estimate fits an Arps decline curve to the production IRON MIKE 40SE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for IRON MIKE 40SE is an estimate of value, not an offer and not an appraisal.
- How much income does IRON MIKE 40SE generate in a year?
- IRON MIKE 40SE is forecast to net about $383K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in IRON MIKE 40SE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Thompson, J. Cleo |
|---|---|
| Field | Wolfbone (Trend Area) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 47353 |
| Wellbores | 1 |
| Reported production | 487,255 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.8M |
Where IRON MIKE 40SE 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.