MITCHELL 763
MITCHELL 763 is a Texas oil lease in Lipscomb County, Railroad Commission district 10, operated by Eog Resources, Inc. It has 3 wellbores on file with the Commission. Reported production runs from June 2006 to August 2026, totalling 286,995 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 $1.0M, with roughly $269K 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 352 barrels a month, about 117 per wellbore. Its strongest month on the record we hold was March 2021, at 1,119 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 MITCHELL 763
- Who operates MITCHELL 763?
- MITCHELL 763 is operated by Eog Resources, Inc., Railroad Commission of Texas operator number 253162.
- Where is MITCHELL 763?
- MITCHELL 763 is a Texas oil lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 07681.
- Is MITCHELL 763 still producing?
- MITCHELL 763 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MITCHELL 763 is August 2026.
- How much has MITCHELL 763 produced?
- MITCHELL 763 has reported 286,995 barrels of oil (bbl) to the Railroad Commission of Texas between June 2006 and August 2026, from 3 wellbores.
- How much is MITCHELL 763 worth?
- The remaining production from MITCHELL 763 is estimated to be worth about $1.0M in total as of 27 August 2026, within a range of $795K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MITCHELL 763 is a fraction of it. The estimate fits an Arps decline curve to the production MITCHELL 763 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MITCHELL 763 is an estimate of value, not an offer and not an appraisal.
- How much income does MITCHELL 763 generate in a year?
- MITCHELL 763 is forecast to net about $269K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MITCHELL 763 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Eog Resources, Inc. |
|---|---|
| Field | Peery (Cleveland) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 07681 |
| Wellbores | 3 |
| Reported production | 286,995 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.0M |
Where MITCHELL 763 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.