MITCHELL, G. P. #6587
MITCHELL, G. P. #6587 is a Texas oil lease in Winkler County, Railroad Commission district 08, operated by Bass Enterprises Production Co. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 161,530 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 $518K, with roughly $98K 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 113 barrels a month. Its strongest month on the record we hold was May 2018, at 210 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 MITCHELL, G. P. #6587
- Who operates MITCHELL, G. P. #6587?
- MITCHELL, G. P. #6587 is operated by Bass Enterprises Production Co., Railroad Commission of Texas operator number 054700.
- Where is MITCHELL, G. P. #6587?
- MITCHELL, G. P. #6587 is a Texas oil lease in Winkler County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 12486.
- Is MITCHELL, G. P. #6587 still producing?
- MITCHELL, G. P. #6587 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MITCHELL, G. P. #6587 is August 2026.
- How much has MITCHELL, G. P. #6587 produced?
- MITCHELL, G. P. #6587 has reported 161,530 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is MITCHELL, G. P. #6587 worth?
- The remaining production from MITCHELL, G. P. #6587 is estimated to be worth about $518K in total as of 27 August 2026, within a range of $404K to $632K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MITCHELL, G. P. #6587 is a fraction of it. The estimate fits an Arps decline curve to the production MITCHELL, G. P. #6587 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MITCHELL, G. P. #6587 is an estimate of value, not an offer and not an appraisal.
- How much income does MITCHELL, G. P. #6587 generate in a year?
- MITCHELL, G. P. #6587 is forecast to net about $98K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MITCHELL, G. P. #6587 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Bass Enterprises Production Co. |
|---|---|
| Field | Monahans, N. (Ellenburger) |
| County | Winkler County, Texas |
| RRC district | 08 |
| Lease number | 12486 |
| Wellbores | 1 |
| Reported production | 161,530 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $518K |
Where MITCHELL, G. P. #6587 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.