MIKE VEGA UNIT
MIKE VEGA UNIT is a Texas oil lease in Dimmit County, Railroad Commission district 01, operated by Freedom Production, Inc. It has 3 wellbores on file with the Commission. Reported production runs from September 2018 to August 2026, totalling 152,115 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 $394K, with roughly $72K 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 152 barrels a month, about 51 per wellbore. Its strongest month on the record we hold was February 2019, at 23,614 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 MIKE VEGA UNIT
- Who operates MIKE VEGA UNIT?
- MIKE VEGA UNIT is operated by Freedom Production, Inc., Railroad Commission of Texas operator number 285078.
- Where is MIKE VEGA UNIT?
- MIKE VEGA UNIT is a Texas oil lease in Dimmit County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 19619.
- Is MIKE VEGA UNIT still producing?
- MIKE VEGA UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MIKE VEGA UNIT is August 2026.
- How much has MIKE VEGA UNIT produced?
- MIKE VEGA UNIT has reported 152,115 barrels of oil (bbl) to the Railroad Commission of Texas between September 2018 and August 2026, from 3 wellbores.
- How much is MIKE VEGA UNIT worth?
- The remaining production from MIKE VEGA UNIT is estimated to be worth about $394K in total as of 27 August 2026, within a range of $307K to $481K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MIKE VEGA UNIT is a fraction of it. The estimate fits an Arps decline curve to the production MIKE VEGA UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MIKE VEGA UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does MIKE VEGA UNIT generate in a year?
- MIKE VEGA UNIT is forecast to net about $72K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MIKE VEGA UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Freedom Production, Inc. |
|---|---|
| Field | Briscoe Ranch (Eagleford) |
| County | Dimmit County, Texas |
| RRC district | 01 |
| Lease number | 19619 |
| Wellbores | 3 |
| Reported production | 152,115 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $394K |
Where MIKE VEGA UNIT 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.