BIRK
BIRK is a Texas oil lease in Wichita County, Railroad Commission district 09, operated by Midnite Oil Co. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 81,485 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 $634K, with roughly $122K 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 162 barrels a month, about 54 per wellbore. Its strongest month on the record we hold was May 2020, at 398 barrels. 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 BIRK
- Who operates BIRK?
- BIRK is operated by Midnite Oil Co., Railroad Commission of Texas operator number 565898.
- Where is BIRK?
- BIRK is a Texas oil lease in Wichita County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 05948.
- Is BIRK still producing?
- BIRK is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BIRK is August 2026.
- How much has BIRK produced?
- BIRK has reported 81,485 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is BIRK worth?
- The remaining production from BIRK is estimated to be worth about $634K in total as of 26 August 2026, within a range of $495K to $774K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BIRK is a fraction of it. The estimate fits an Arps decline curve to the production BIRK has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BIRK is an estimate of value, not an offer and not an appraisal.
- How much income does BIRK generate in a year?
- BIRK is forecast to net about $122K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BIRK receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Midnite Oil Co. |
|---|---|
| Field | K-M-A |
| County | Wichita County, Texas |
| RRC district | 09 |
| Lease number | 05948 |
| Wellbores | 3 |
| Reported production | 81,485 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $634K |
Where BIRK 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.