MITCHELL RANCH
MITCHELL RANCH is a Texas gas lease in Hood County, Railroad Commission district 09, operated by Legend Natural Gas IV, LP. It has 1 wellbore on file with the Commission. Reported production runs from September 2012 to August 2026, totalling 243,260 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 $105K, with roughly $16K 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 871 thousand cubic feet a month. Its strongest month on the record we hold was June 2020, at 4,780 thousand cubic feet. 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 MITCHELL RANCH
- Who operates MITCHELL RANCH?
- MITCHELL RANCH is operated by Legend Natural Gas IV, LP, Railroad Commission of Texas operator number 495557.
- Where is MITCHELL RANCH?
- MITCHELL RANCH is a Texas gas lease in Hood County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 266914.
- Is MITCHELL RANCH still producing?
- MITCHELL RANCH is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MITCHELL RANCH is August 2026.
- How much has MITCHELL RANCH produced?
- MITCHELL RANCH has reported 243,260 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between September 2012 and August 2026, from 1 wellbore.
- How much is MITCHELL RANCH worth?
- The remaining production from MITCHELL RANCH is estimated to be worth about $105K in total as of 26 August 2026, within a range of $82K to $128K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MITCHELL RANCH is a fraction of it. The estimate fits an Arps decline curve to the production MITCHELL RANCH has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MITCHELL RANCH is an estimate of value, not an offer and not an appraisal.
- How much income does MITCHELL RANCH generate in a year?
- MITCHELL RANCH is forecast to net about $16K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MITCHELL RANCH receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Legend Natural Gas IV, LP |
|---|---|
| Field | Newark, East (Barnett Shale) |
| County | Hood County, Texas |
| RRC district | 09 |
| Lease number | 266914 |
| Wellbores | 1 |
| Reported production | 243,260 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $105K |
Where MITCHELL RANCH 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.