MITCHELL, ALEX 1
MITCHELL, ALEX 1 is a Texas gas lease in Terrell County, Railroad Commission district 7C, operated by Conoco Inc. It has 1 wellbore on file with the Commission. Reported production runs from April 1998 to August 2026, totalling 4,777,884 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 $215K, with roughly $38K 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 1,003 thousand cubic feet a month. Its strongest month on the record we hold was October 2020, at 2,957 thousand cubic feet. 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 MITCHELL, ALEX 1
- Who operates MITCHELL, ALEX 1?
- MITCHELL, ALEX 1 is operated by Conoco Inc., Railroad Commission of Texas operator number 172230.
- Where is MITCHELL, ALEX 1?
- MITCHELL, ALEX 1 is a Texas gas lease in Terrell County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 168853.
- Is MITCHELL, ALEX 1 still producing?
- MITCHELL, ALEX 1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MITCHELL, ALEX 1 is August 2026.
- How much has MITCHELL, ALEX 1 produced?
- MITCHELL, ALEX 1 has reported 4,777,884 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between April 1998 and August 2026, from 1 wellbore.
- How much is MITCHELL, ALEX 1 worth?
- The remaining production from MITCHELL, ALEX 1 is estimated to be worth about $215K in total as of 27 August 2026, within a range of $179K to $252K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MITCHELL, ALEX 1 is a fraction of it. The estimate fits an Arps decline curve to the production MITCHELL, ALEX 1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MITCHELL, ALEX 1 is an estimate of value, not an offer and not an appraisal.
- How much income does MITCHELL, ALEX 1 generate in a year?
- MITCHELL, ALEX 1 is forecast to net about $38K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MITCHELL, ALEX 1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Conoco Inc. |
|---|---|
| Field | Deer Canyon (Strawn) |
| County | Terrell County, Texas |
| RRC district | 7C |
| Lease number | 168853 |
| Wellbores | 1 |
| Reported production | 4,777,884 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $215K |
Where MITCHELL, ALEX 1 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.