MITCHELL 47-31 A UNIT
MITCHELL 47-31 A UNIT is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Highpeak Energy Holdings, LLC. It has 2 wellbores on file with the Commission. Reported production runs from January 2023 to August 2026, totalling 440,720 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 $12.9M, with roughly $3.4M 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 5,417 barrels a month, about 2,709 per wellbore. Its strongest month on the record we hold was August 2023, at 34,516 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 47-31 A UNIT
- Who operates MITCHELL 47-31 A UNIT?
- MITCHELL 47-31 A UNIT is operated by Highpeak Energy Holdings, LLC, Railroad Commission of Texas operator number 385826.
- Where is MITCHELL 47-31 A UNIT?
- MITCHELL 47-31 A UNIT is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 58440.
- Is MITCHELL 47-31 A UNIT still producing?
- MITCHELL 47-31 A UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MITCHELL 47-31 A UNIT is August 2026.
- How much has MITCHELL 47-31 A UNIT produced?
- MITCHELL 47-31 A UNIT has reported 440,720 barrels of oil (bbl) to the Railroad Commission of Texas between January 2023 and August 2026, from 2 wellbores.
- How much is MITCHELL 47-31 A UNIT worth?
- The remaining production from MITCHELL 47-31 A UNIT is estimated to be worth about $12.9M in total as of 26 August 2026, within a range of $10.7M to $15.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MITCHELL 47-31 A UNIT is a fraction of it. The estimate fits an Arps decline curve to the production MITCHELL 47-31 A UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MITCHELL 47-31 A UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does MITCHELL 47-31 A UNIT generate in a year?
- MITCHELL 47-31 A UNIT is forecast to net about $3.4M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MITCHELL 47-31 A UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Highpeak Energy Holdings, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 58440 |
| Wellbores | 2 |
| Reported production | 440,720 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $12.9M |
Where MITCHELL 47-31 A 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.