MIRANDA
MIRANDA is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Cog Operating LLC. It has 8 wellbores on file with the Commission. Reported production runs from January 2012 to August 2026, totalling 323,478 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 $1.1M, with roughly $346K 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 519 barrels a month, about 65 per wellbore. Its strongest month on the record we hold was January 2019, at 2,383 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 MIRANDA
- Who operates MIRANDA?
- MIRANDA is operated by Cog Operating LLC, Railroad Commission of Texas operator number 166150.
- Where is MIRANDA?
- MIRANDA is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 42858.
- Is MIRANDA still producing?
- MIRANDA is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MIRANDA is August 2026.
- How much has MIRANDA produced?
- MIRANDA has reported 323,478 barrels of oil (bbl) to the Railroad Commission of Texas between January 2012 and August 2026, from 8 wellbores.
- How much is MIRANDA worth?
- The remaining production from MIRANDA is estimated to be worth about $1.1M in total as of 26 August 2026, within a range of $861K to $1.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MIRANDA is a fraction of it. The estimate fits an Arps decline curve to the production MIRANDA has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MIRANDA is an estimate of value, not an offer and not an appraisal.
- How much income does MIRANDA generate in a year?
- MIRANDA is forecast to net about $346K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MIRANDA receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cog Operating LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 42858 |
| Wellbores | 8 |
| Reported production | 323,478 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.1M |
Where MIRANDA 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.