MICHAELS, E. L.
MICHAELS, E. L. is a Texas oil lease in Haskell County, Railroad Commission district 7B, operated by Cross Timbers Operating Company. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 172,750 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 $997K, with roughly $226K 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 334 barrels a month, about 111 per wellbore. Its strongest month on the record we hold was May 2020, at 464 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 MICHAELS, E. L.
- Who operates MICHAELS, E. L.?
- MICHAELS, E. L. is operated by Cross Timbers Operating Company, Railroad Commission of Texas operator number 190468.
- Where is MICHAELS, E. L.?
- MICHAELS, E. L. is a Texas oil lease in Haskell County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 07783.
- Is MICHAELS, E. L. still producing?
- MICHAELS, E. L. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MICHAELS, E. L. is August 2026.
- How much has MICHAELS, E. L. produced?
- MICHAELS, E. L. has reported 172,750 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is MICHAELS, E. L. worth?
- The remaining production from MICHAELS, E. L. is estimated to be worth about $997K in total as of 27 August 2026, within a range of $778K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MICHAELS, E. L. is a fraction of it. The estimate fits an Arps decline curve to the production MICHAELS, E. L. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MICHAELS, E. L. is an estimate of value, not an offer and not an appraisal.
- How much income does MICHAELS, E. L. generate in a year?
- MICHAELS, E. L. is forecast to net about $226K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MICHAELS, E. L. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cross Timbers Operating Company |
|---|---|
| Field | Juliana, S. (Burson Sand) |
| County | Haskell County, Texas |
| RRC district | 7B |
| Lease number | 07783 |
| Wellbores | 3 |
| Reported production | 172,750 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $997K |
Where MICHAELS, E. L. 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.