MICA UNIT
MICA UNIT is a Texas oil lease in Fayette County, Railroad Commission district 03, operated by Southern Bay Operating, L.L.C. It has 4 wellbores on file with the Commission. Reported production runs from September 2012 to August 2026, totalling 455,043 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 $725K, with roughly $137K 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 176 barrels a month, about 44 per wellbore. Its strongest month on the record we hold was June 2016, at 2,301 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 MICA UNIT
- Who operates MICA UNIT?
- MICA UNIT is operated by Southern Bay Operating, L.L.C., Railroad Commission of Texas operator number 803494.
- Where is MICA UNIT?
- MICA UNIT is a Texas oil lease in Fayette County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 26111.
- Is MICA UNIT still producing?
- MICA UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MICA UNIT is August 2026.
- How much has MICA UNIT produced?
- MICA UNIT has reported 455,043 barrels of oil (bbl) to the Railroad Commission of Texas between September 2012 and August 2026, from 4 wellbores.
- How much is MICA UNIT worth?
- The remaining production from MICA UNIT is estimated to be worth about $725K in total as of 26 August 2026, within a range of $565K to $884K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MICA UNIT is a fraction of it. The estimate fits an Arps decline curve to the production MICA UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MICA UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does MICA UNIT generate in a year?
- MICA UNIT is forecast to net about $137K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MICA UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Southern Bay Operating, L.L.C. |
|---|---|
| Field | Southern Bay (Eagle Ford) |
| County | Fayette County, Texas |
| RRC district | 03 |
| Lease number | 26111 |
| Wellbores | 4 |
| Reported production | 455,043 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $725K |
Where MICA 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.