MITCHELL
MITCHELL is a Texas oil lease in Live Oak County, Railroad Commission district 02, operated by Acock Engineering & Assoc., Inc. It has 1 wellbore on file with the Commission. Reported production runs from July 1998 to August 2026, totalling 49,157 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 $57K, with roughly $11K 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 8 barrels a month. Its strongest month on the record we hold was March 2017, at 124 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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
- Who operates MITCHELL?
- MITCHELL is operated by Acock Engineering & Assoc., Inc., Railroad Commission of Texas operator number 003594.
- Where is MITCHELL?
- MITCHELL is a Texas oil lease in Live Oak County, Texas, in Railroad Commission district 02. Its Railroad Commission lease number is 08391.
- Is MITCHELL still producing?
- MITCHELL is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MITCHELL is August 2026.
- How much has MITCHELL produced?
- MITCHELL has reported 49,157 barrels of oil (bbl) to the Railroad Commission of Texas between July 1998 and August 2026, from 1 wellbore.
- How much is MITCHELL worth?
- The remaining production from MITCHELL is estimated to be worth about $57K in total as of 26 August 2026, within a range of $0 to $114K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MITCHELL is a fraction of it. The estimate fits an Arps decline curve to the production MITCHELL has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MITCHELL is an estimate of value, not an offer and not an appraisal.
- How much income does MITCHELL generate in a year?
- MITCHELL is forecast to net about $11K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MITCHELL receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Acock Engineering & Assoc., Inc. |
|---|---|
| Field | Murry'S Magic (Yegua) |
| County | Live Oak County, Texas |
| RRC district | 02 |
| Lease number | 08391 |
| Wellbores | 1 |
| Reported production | 49,157 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $57K |
Where MITCHELL 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.