MICHELLE 5
MICHELLE 5 is a Texas oil lease in Wheeler County, Railroad Commission district 10, operated by Newfield Expl. Mid-Con. Inc. It has 1 wellbore on file with the Commission. Reported production runs from April 2013 to August 2026, totalling 38,757 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 $800K, with roughly $128K 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 104 barrels a month. Its strongest month on the record we hold was May 2016, at 411 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 MICHELLE 5
- Who operates MICHELLE 5?
- MICHELLE 5 is operated by Newfield Expl. Mid-Con. Inc, Railroad Commission of Texas operator number 606616.
- Where is MICHELLE 5?
- MICHELLE 5 is a Texas oil lease in Wheeler County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 09164.
- Is MICHELLE 5 still producing?
- MICHELLE 5 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MICHELLE 5 is August 2026.
- How much has MICHELLE 5 produced?
- MICHELLE 5 has reported 38,757 barrels of oil (bbl) to the Railroad Commission of Texas between April 2013 and August 2026, from 1 wellbore.
- How much is MICHELLE 5 worth?
- The remaining production from MICHELLE 5 is estimated to be worth about $800K in total as of 26 August 2026, within a range of $624K to $976K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MICHELLE 5 is a fraction of it. The estimate fits an Arps decline curve to the production MICHELLE 5 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MICHELLE 5 is an estimate of value, not an offer and not an appraisal.
- How much income does MICHELLE 5 generate in a year?
- MICHELLE 5 is forecast to net about $128K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MICHELLE 5 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Newfield Expl. Mid-Con. Inc |
|---|---|
| Field | Mills Ranch (Granite Wash Cons.) |
| County | Wheeler County, Texas |
| RRC district | 10 |
| Lease number | 09164 |
| Wellbores | 1 |
| Reported production | 38,757 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $800K |
Where MICHELLE 5 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.