MICHIE, T. B.
MICHIE, T. B. is a Texas oil lease in Wichita County, Railroad Commission district 09, operated by Dillard & Dillard Inc. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 12,462 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 $183K, with roughly $35K 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 41 barrels a month, about 14 per wellbore. Its strongest month on the record we hold was August 2022, at 190 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 MICHIE, T. B.
- Who operates MICHIE, T. B.?
- MICHIE, T. B. is operated by Dillard & Dillard Inc., Railroad Commission of Texas operator number 219511.
- Where is MICHIE, T. B.?
- MICHIE, T. B. is a Texas oil lease in Wichita County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 05101.
- Is MICHIE, T. B. still producing?
- MICHIE, T. B. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MICHIE, T. B. is August 2026.
- How much has MICHIE, T. B. produced?
- MICHIE, T. B. has reported 12,462 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is MICHIE, T. B. worth?
- The remaining production from MICHIE, T. B. is estimated to be worth about $183K in total as of 26 August 2026, within a range of $101K to $265K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MICHIE, T. B. is a fraction of it. The estimate fits an Arps decline curve to the production MICHIE, T. B. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MICHIE, T. B. is an estimate of value, not an offer and not an appraisal.
- How much income does MICHIE, T. B. generate in a year?
- MICHIE, T. B. is forecast to net about $35K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MICHIE, T. B. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Dillard & Dillard Inc. |
|---|---|
| Field | Wichita County Regular |
| County | Wichita County, Texas |
| RRC district | 09 |
| Lease number | 05101 |
| Wellbores | 3 |
| Reported production | 12,462 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $183K |
Where MICHIE, T. B. 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.