MITHRIL E
MITHRIL E is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Crownquest Operating, LLC. It has 1 wellbore on file with the Commission. Reported production runs from May 2023 to August 2026, totalling 220,592 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 $6.9M, with roughly $2.1M 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 2,970 barrels a month. Its strongest month on the record we hold was June 2023, at 18,161 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 MITHRIL E
- Who operates MITHRIL E?
- MITHRIL E is operated by Crownquest Operating, LLC, Railroad Commission of Texas operator number 191554.
- Where is MITHRIL E?
- MITHRIL E is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 60744.
- Is MITHRIL E still producing?
- MITHRIL E is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MITHRIL E is August 2026.
- How much has MITHRIL E produced?
- MITHRIL E has reported 220,592 barrels of oil (bbl) to the Railroad Commission of Texas between May 2023 and August 2026, from 1 wellbore.
- How much is MITHRIL E worth?
- The remaining production from MITHRIL E is estimated to be worth about $6.9M in total as of 27 August 2026, within a range of $5.7M to $8.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MITHRIL E is a fraction of it. The estimate fits an Arps decline curve to the production MITHRIL E has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MITHRIL E is an estimate of value, not an offer and not an appraisal.
- How much income does MITHRIL E generate in a year?
- MITHRIL E is forecast to net about $2.1M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MITHRIL E receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Crownquest Operating, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 60744 |
| Wellbores | 1 |
| Reported production | 220,592 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $6.9M |
Where MITHRIL E 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.