STATE MIKE 3
STATE MIKE 3 is a Texas gas lease in Culberson County, Railroad Commission district 08, operated by Capitan Energy, Incorporated. It has 1 wellbore on file with the Commission. Reported production runs from March 2018 to August 2026, totalling 3,917,604 thousand cubic feet. 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 $5.8M, with roughly $1.1M 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 19,931 thousand cubic feet a month. Its strongest month on the record we hold was April 2018, at 121,342 thousand cubic feet. 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 STATE MIKE 3
- Who operates STATE MIKE 3?
- STATE MIKE 3 is operated by Capitan Energy, Incorporated, Railroad Commission of Texas operator number 130061.
- Where is STATE MIKE 3?
- STATE MIKE 3 is a Texas gas lease in Culberson County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 284900.
- Is STATE MIKE 3 still producing?
- STATE MIKE 3 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STATE MIKE 3 is August 2026.
- How much has STATE MIKE 3 produced?
- STATE MIKE 3 has reported 3,917,604 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 2018 and August 2026, from 1 wellbore.
- How much is STATE MIKE 3 worth?
- The remaining production from STATE MIKE 3 is estimated to be worth about $5.8M in total as of 26 August 2026, within a range of $4.8M to $6.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE MIKE 3 is a fraction of it. The estimate fits an Arps decline curve to the production STATE MIKE 3 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STATE MIKE 3 is an estimate of value, not an offer and not an appraisal.
- How much income does STATE MIKE 3 generate in a year?
- STATE MIKE 3 is forecast to net about $1.1M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STATE MIKE 3 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Capitan Energy, Incorporated |
|---|---|
| Field | Ford, West (Wolfcamp) |
| County | Culberson County, Texas |
| RRC district | 08 |
| Lease number | 284900 |
| Wellbores | 1 |
| Reported production | 3,917,604 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $5.8M |
Where STATE MIKE 3 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.