SOUTH MITRE 2 UNIT
SOUTH MITRE 2 UNIT is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Resolute Natural Res. Co., LLC. It has 1 wellbore on file with the Commission. Reported production runs from October 2016 to August 2026, totalling 574,901 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 $2.8M, with roughly $805K 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 1,004 barrels a month. Its strongest month on the record we hold was November 2016, at 44,326 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 SOUTH MITRE 2 UNIT
- Who operates SOUTH MITRE 2 UNIT?
- SOUTH MITRE 2 UNIT is operated by Resolute Natural Res. Co., LLC, Railroad Commission of Texas operator number 703352.
- Where is SOUTH MITRE 2 UNIT?
- SOUTH MITRE 2 UNIT is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 48219.
- Is SOUTH MITRE 2 UNIT still producing?
- SOUTH MITRE 2 UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SOUTH MITRE 2 UNIT is August 2026.
- How much has SOUTH MITRE 2 UNIT produced?
- SOUTH MITRE 2 UNIT has reported 574,901 barrels of oil (bbl) to the Railroad Commission of Texas between October 2016 and August 2026, from 1 wellbore.
- How much is SOUTH MITRE 2 UNIT worth?
- The remaining production from SOUTH MITRE 2 UNIT is estimated to be worth about $2.8M in total as of 27 August 2026, within a range of $2.4M to $3.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SOUTH MITRE 2 UNIT is a fraction of it. The estimate fits an Arps decline curve to the production SOUTH MITRE 2 UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SOUTH MITRE 2 UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does SOUTH MITRE 2 UNIT generate in a year?
- SOUTH MITRE 2 UNIT is forecast to net about $805K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SOUTH MITRE 2 UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Resolute Natural Res. Co., LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 48219 |
| Wellbores | 1 |
| Reported production | 574,901 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.8M |
Where SOUTH MITRE 2 UNIT 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.