MIYAGI C 38-35
MIYAGI C 38-35 is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Surge Operating, LLC. It has 1 wellbore on file with the Commission. Reported production runs from June 2025 to August 2026, totalling 105,769 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 $2.0M, with roughly $1.8M 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 9,615 barrels a month. Its strongest month on the record we hold was July 2025, at 17,461 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 MIYAGI C 38-35
- Who operates MIYAGI C 38-35?
- MIYAGI C 38-35 is operated by Surge Operating, LLC, Railroad Commission of Texas operator number 760725.
- Where is MIYAGI C 38-35?
- MIYAGI C 38-35 is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 63924.
- Is MIYAGI C 38-35 still producing?
- MIYAGI C 38-35 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MIYAGI C 38-35 is August 2026.
- How much has MIYAGI C 38-35 produced?
- MIYAGI C 38-35 has reported 105,769 barrels of oil (bbl) to the Railroad Commission of Texas between June 2025 and August 2026, from 1 wellbore.
- How much is MIYAGI C 38-35 worth?
- The remaining production from MIYAGI C 38-35 is estimated to be worth about $2.0M in total as of 27 August 2026, within a range of $1.7M to $2.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MIYAGI C 38-35 is a fraction of it. The estimate fits an Arps decline curve to the production MIYAGI C 38-35 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MIYAGI C 38-35 is an estimate of value, not an offer and not an appraisal.
- How much income does MIYAGI C 38-35 generate in a year?
- MIYAGI C 38-35 is forecast to net about $1.8M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MIYAGI C 38-35 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Surge Operating, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 63924 |
| Wellbores | 1 |
| Reported production | 105,769 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.0M |
Where MIYAGI C 38-35 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.