DRAKE, R. T.
DRAKE, R. T. is a Texas gas lease in Erath County, Railroad Commission district 7B, operated by Mitchell Energy Corporation. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 127,595 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 $15K, with roughly $2K 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 74 thousand cubic feet a month. Its strongest month on the record we hold was December 2023, at 200 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 45% 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 DRAKE, R. T.
- Who operates DRAKE, R. T.?
- DRAKE, R. T. is operated by Mitchell Energy Corporation, Railroad Commission of Texas operator number 570655.
- Where is DRAKE, R. T.?
- DRAKE, R. T. is a Texas gas lease in Erath County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 080607.
- Is DRAKE, R. T. still producing?
- DRAKE, R. T. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DRAKE, R. T. is August 2026.
- How much has DRAKE, R. T. produced?
- DRAKE, R. T. has reported 127,595 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is DRAKE, R. T. worth?
- The remaining production from DRAKE, R. T. is estimated to be worth about $15K in total as of 27 August 2026, within a range of $8K to $21K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DRAKE, R. T. is a fraction of it. The estimate fits an Arps decline curve to the production DRAKE, R. T. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DRAKE, R. T. is an estimate of value, not an offer and not an appraisal.
- How much income does DRAKE, R. T. generate in a year?
- DRAKE, R. T. is forecast to net about $2K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in DRAKE, R. T. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mitchell Energy Corporation |
|---|---|
| Field | Morgan Mill (Marble Falls) |
| County | Erath County, Texas |
| RRC district | 7B |
| Lease number | 080607 |
| Wellbores | 1 |
| Reported production | 127,595 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $15K |
Where DRAKE, R. T. 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.