MAPACHE 003 UNIT
MAPACHE 003 UNIT is a Texas oil lease in Mitchell County, Railroad Commission district 08, operated by Three Span Oil & Gas, Inc. It has 1 wellbore on file with the Commission. Reported production runs from July 2020 to August 2026, totalling 29,776 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 $892K, with roughly $270K 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 454 barrels a month. Its strongest month on the record we hold was October 2024, at 1,034 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 MAPACHE 003 UNIT
- Who operates MAPACHE 003 UNIT?
- MAPACHE 003 UNIT is operated by Three Span Oil & Gas, Inc., Railroad Commission of Texas operator number 857911.
- Where is MAPACHE 003 UNIT?
- MAPACHE 003 UNIT is a Texas oil lease in Mitchell County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 54936.
- Is MAPACHE 003 UNIT still producing?
- MAPACHE 003 UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MAPACHE 003 UNIT is August 2026.
- How much has MAPACHE 003 UNIT produced?
- MAPACHE 003 UNIT has reported 29,776 barrels of oil (bbl) to the Railroad Commission of Texas between July 2020 and August 2026, from 1 wellbore.
- How much is MAPACHE 003 UNIT worth?
- The remaining production from MAPACHE 003 UNIT is estimated to be worth about $892K in total as of 26 August 2026, within a range of $696K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MAPACHE 003 UNIT is a fraction of it. The estimate fits an Arps decline curve to the production MAPACHE 003 UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MAPACHE 003 UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does MAPACHE 003 UNIT generate in a year?
- MAPACHE 003 UNIT is forecast to net about $270K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MAPACHE 003 UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Three Span Oil & Gas, Inc. |
|---|---|
| Field | Garden City, S. (Wolfcamp) |
| County | Mitchell County, Texas |
| RRC district | 08 |
| Lease number | 54936 |
| Wellbores | 1 |
| Reported production | 29,776 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $892K |
Where MAPACHE 003 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.