KNIGHT 120 MIPA UNIT
KNIGHT 120 MIPA UNIT is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Permian Deep Rock Oil Co., LLC. It has 3 wellbores on file with the Commission. Reported production runs from September 2024 to August 2026, totalling 575,210 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 $11.1M, with roughly $7.6M 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 22,651 barrels a month, about 7,550 per wellbore. Its strongest month on the record we hold was March 2025, at 57,050 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 KNIGHT 120 MIPA UNIT
- Who operates KNIGHT 120 MIPA UNIT?
- KNIGHT 120 MIPA UNIT is operated by Permian Deep Rock Oil Co., LLC, Railroad Commission of Texas operator number 655805.
- Where is KNIGHT 120 MIPA UNIT?
- KNIGHT 120 MIPA UNIT is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 62421.
- Is KNIGHT 120 MIPA UNIT still producing?
- KNIGHT 120 MIPA UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for KNIGHT 120 MIPA UNIT is August 2026.
- How much has KNIGHT 120 MIPA UNIT produced?
- KNIGHT 120 MIPA UNIT has reported 575,210 barrels of oil (bbl) to the Railroad Commission of Texas between September 2024 and August 2026, from 3 wellbores.
- How much is KNIGHT 120 MIPA UNIT worth?
- The remaining production from KNIGHT 120 MIPA UNIT is estimated to be worth about $11.1M in total as of 27 August 2026, within a range of $9.1M to $13.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KNIGHT 120 MIPA UNIT is a fraction of it. The estimate fits an Arps decline curve to the production KNIGHT 120 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 KNIGHT 120 MIPA UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does KNIGHT 120 MIPA UNIT generate in a year?
- KNIGHT 120 MIPA UNIT is forecast to net about $7.6M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in KNIGHT 120 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 | 62421 |
| Wellbores | 3 |
| Reported production | 575,210 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $11.1M |
Where KNIGHT 120 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.