MITCHELL "87"
MITCHELL "87" is a Texas gas lease in Terrell County, Railroad Commission district 7C, operated by Enron Oil & Gas Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1994 to August 2026, totalling 2,093,018 thousand cubic feet. 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 $369, with roughly $120 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 309 thousand cubic feet a month. Its strongest month on the record we hold was July 2024, at 14,395 thousand cubic feet. 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 "87"
- Who operates MITCHELL "87"?
- MITCHELL "87" is operated by Enron Oil & Gas Company, Railroad Commission of Texas operator number 253196.
- Where is MITCHELL "87"?
- MITCHELL "87" is a Texas gas lease in Terrell County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 147888.
- Is MITCHELL "87" still producing?
- MITCHELL "87" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MITCHELL "87" is August 2026.
- How much has MITCHELL "87" produced?
- MITCHELL "87" has reported 2,093,018 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1994 and August 2026, from 1 wellbore.
- How much is MITCHELL "87" worth?
- The remaining production from MITCHELL "87" is estimated to be worth about $369 in total as of 27 August 2026, within a range of $288 to $450. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MITCHELL "87" is a fraction of it. The estimate fits an Arps decline curve to the production MITCHELL "87" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MITCHELL "87" is an estimate of value, not an offer and not an appraisal.
- How much income does MITCHELL "87" generate in a year?
- MITCHELL "87" is forecast to net about $120 across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MITCHELL "87" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Enron Oil & Gas Company |
|---|---|
| Field | Pakenham (Wolfcamp) |
| County | Terrell County, Texas |
| RRC district | 7C |
| Lease number | 147888 |
| Wellbores | 1 |
| Reported production | 2,093,018 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $369 |
Where MITCHELL "87" 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.