MILDRED
MILDRED is a Texas oil lease in Mitchell County, Railroad Commission district 8A, operated by Carpenter Services. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 13,132 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 $4K, with roughly $754 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 1 barrels a month. Its strongest month on the record we hold was December 2017, at 65 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 MILDRED
- Who operates MILDRED?
- MILDRED is operated by Carpenter Services, Railroad Commission of Texas operator number 134445.
- Where is MILDRED?
- MILDRED is a Texas oil lease in Mitchell County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 12851.
- Is MILDRED still producing?
- MILDRED is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MILDRED is August 2026.
- How much has MILDRED produced?
- MILDRED has reported 13,132 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is MILDRED worth?
- The remaining production from MILDRED is estimated to be worth about $4K in total as of 26 August 2026, within a range of $0 to $8K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MILDRED is a fraction of it. The estimate fits an Arps decline curve to the production MILDRED has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MILDRED is an estimate of value, not an offer and not an appraisal.
- How much income does MILDRED generate in a year?
- MILDRED is forecast to net about $754 across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MILDRED receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Carpenter Services |
|---|---|
| Field | Sharon Ridge (1700) |
| County | Mitchell County, Texas |
| RRC district | 8A |
| Lease number | 12851 |
| Wellbores | 3 |
| Reported production | 13,132 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4K |
Where MILDRED 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.