MUSTANG 110 MIPA UNIT
MUSTANG 110 MIPA UNIT is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Permian Deep Rock Oil Co., LLC. It has 2 wellbores on file with the Commission. Reported production runs from June 2023 to August 2026, totalling 864,112 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 $3.7M, with roughly $2.8M 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 10,711 barrels a month, about 5,356 per wellbore. Its strongest month on the record we hold was July 2023, at 56,245 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 MUSTANG 110 MIPA UNIT
- Who operates MUSTANG 110 MIPA UNIT?
- MUSTANG 110 MIPA UNIT is operated by Permian Deep Rock Oil Co., LLC, Railroad Commission of Texas operator number 655805.
- Where is MUSTANG 110 MIPA UNIT?
- MUSTANG 110 MIPA UNIT is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 59409.
- Is MUSTANG 110 MIPA UNIT still producing?
- MUSTANG 110 MIPA UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MUSTANG 110 MIPA UNIT is August 2026.
- How much has MUSTANG 110 MIPA UNIT produced?
- MUSTANG 110 MIPA UNIT has reported 864,112 barrels of oil (bbl) to the Railroad Commission of Texas between June 2023 and August 2026, from 2 wellbores.
- How much is MUSTANG 110 MIPA UNIT worth?
- The remaining production from MUSTANG 110 MIPA UNIT is estimated to be worth about $3.7M in total as of 26 August 2026, within a range of $3.0M to $4.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MUSTANG 110 MIPA UNIT is a fraction of it. The estimate fits an Arps decline curve to the production MUSTANG 110 MIPA UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MUSTANG 110 MIPA UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does MUSTANG 110 MIPA UNIT generate in a year?
- MUSTANG 110 MIPA UNIT is forecast to net about $2.8M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MUSTANG 110 MIPA UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Permian Deep Rock Oil Co., LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 59409 |
| Wellbores | 2 |
| Reported production | 864,112 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.7M |
Where MUSTANG 110 MIPA 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.