MITCHELL
MITCHELL is a Texas gas lease in Denton County, Railroad Commission district 09, operated by Devon Energy Production Co, L.P. It has 1 wellbore on file with the Commission. Reported production runs from May 2008 to August 2026, totalling 1,814,784 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 $521K, with roughly $86K 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 4,524 thousand cubic feet a month. Its strongest month on the record we hold was May 2022, at 14,191 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% 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 MITCHELL
- Who operates MITCHELL?
- MITCHELL is operated by Devon Energy Production Co, L.P., Railroad Commission of Texas operator number 216378.
- Where is MITCHELL?
- MITCHELL is a Texas gas lease in Denton County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 240727.
- Is MITCHELL still producing?
- MITCHELL is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MITCHELL is August 2026.
- How much has MITCHELL produced?
- MITCHELL has reported 1,814,784 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between May 2008 and August 2026, from 1 wellbore.
- How much is MITCHELL worth?
- The remaining production from MITCHELL is estimated to be worth about $521K in total as of 26 August 2026, within a range of $432K to $610K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MITCHELL is a fraction of it. The estimate fits an Arps decline curve to the production MITCHELL has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MITCHELL is an estimate of value, not an offer and not an appraisal.
- How much income does MITCHELL generate in a year?
- MITCHELL is forecast to net about $86K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MITCHELL receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Devon Energy Production Co, L.P. |
|---|---|
| Field | Newark, East (Barnett Shale) |
| County | Denton County, Texas |
| RRC district | 09 |
| Lease number | 240727 |
| Wellbores | 1 |
| Reported production | 1,814,784 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $521K |
Where MITCHELL 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.