MITCHELL 28-47
MITCHELL 28-47 is a Texas oil lease in Winkler County, Railroad Commission district 08, operated by Chesapeake Operating, Inc. It has 3 wellbores on file with the Commission. Reported production runs from July 2009 to August 2026, totalling 298,764 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 $7.5M, with roughly $2.2M 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 3,597 barrels a month, about 1,199 per wellbore. Its strongest month on the record we hold was December 2022, at 19,925 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 MITCHELL 28-47
- Who operates MITCHELL 28-47?
- MITCHELL 28-47 is operated by Chesapeake Operating, Inc., Railroad Commission of Texas operator number 147715.
- Where is MITCHELL 28-47?
- MITCHELL 28-47 is a Texas oil lease in Winkler County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 39751.
- Is MITCHELL 28-47 still producing?
- MITCHELL 28-47 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MITCHELL 28-47 is August 2026.
- How much has MITCHELL 28-47 produced?
- MITCHELL 28-47 has reported 298,764 barrels of oil (bbl) to the Railroad Commission of Texas between July 2009 and August 2026, from 3 wellbores.
- How much is MITCHELL 28-47 worth?
- The remaining production from MITCHELL 28-47 is estimated to be worth about $7.5M in total as of 26 August 2026, within a range of $6.2M to $8.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MITCHELL 28-47 is a fraction of it. The estimate fits an Arps decline curve to the production MITCHELL 28-47 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MITCHELL 28-47 is an estimate of value, not an offer and not an appraisal.
- How much income does MITCHELL 28-47 generate in a year?
- MITCHELL 28-47 is forecast to net about $2.2M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MITCHELL 28-47 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chesapeake Operating, Inc. |
|---|---|
| Field | Two Georges (Bone Spring) |
| County | Winkler County, Texas |
| RRC district | 08 |
| Lease number | 39751 |
| Wellbores | 3 |
| Reported production | 298,764 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $7.5M |
Where MITCHELL 28-47 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.