IRON MIKE 40NW
IRON MIKE 40NW 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 February 2016 to August 2026, totalling 438,949 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 $2.9M, with roughly $813K 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 920 barrels a month. Its strongest month on the record we hold was May 2016, at 22,974 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 40NW
- Who operates IRON MIKE 40NW?
- IRON MIKE 40NW is operated by Thompson, J. Cleo, Railroad Commission of Texas operator number 855610.
- Where is IRON MIKE 40NW?
- IRON MIKE 40NW is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 47585.
- Is IRON MIKE 40NW still producing?
- IRON MIKE 40NW is currently producing. The most recent month of production reported to the Railroad Commission of Texas for IRON MIKE 40NW is August 2026.
- How much has IRON MIKE 40NW produced?
- IRON MIKE 40NW has reported 438,949 barrels of oil (bbl) to the Railroad Commission of Texas between February 2016 and August 2026, from 1 wellbore.
- How much is IRON MIKE 40NW worth?
- The remaining production from IRON MIKE 40NW is estimated to be worth about $2.9M in total as of 26 August 2026, within a range of $2.3M to $3.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in IRON MIKE 40NW is a fraction of it. The estimate fits an Arps decline curve to the production IRON MIKE 40NW 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 40NW is an estimate of value, not an offer and not an appraisal.
- How much income does IRON MIKE 40NW generate in a year?
- IRON MIKE 40NW is forecast to net about $813K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in IRON MIKE 40NW 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 | 47585 |
| Wellbores | 1 |
| Reported production | 438,949 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.9M |
Where IRON MIKE 40NW 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.